Business · 9 September 2026
Sushi chain Itsu blames tax hikes and inflation for third yearly loss
Tiia Monto via Wikimedia Commons (CC BY-SA 4.0)
The Asian food-to-go business says higher employer National Insurance rates and minimum wage increases are squeezing its margins. To cope with the extra expenses, the company cut jobs and revamped twenty of its UK stores to drive more sales. Despite the tough environment, the brand managed to lift overall revenue to £124m and shrink its pre-tax deficit to £5.2m.
Reported by City AM · How we write briefs