MOS Burger announces closure of all Australian stores
One of the world’s biggest fast-food franchises has announced it is closing all stores in Australia – this week.
Companies
Don't miss out on the headlines from Companies. Followed categories will be added to My News.
A popular burger chain has announced it is closing all stores in Australia.
MOS Burger, Japan’s second-biggest fast-food franchise, took to social media on Thursday to announce it was exiting the country after opening its first store in Queensland in 2011.
“After much consideration, we have made the decision to close all MOS Burger locations in Australia,” the company said.
“Thank you for making MOS burger a special place in Australia.”
The last day of trading will be August 31.
MOS Burger has three locations in Australia, all in Queensland: Sunnybank, Southport and Upper Mount Gravatt.
It is not known how many employees will be impacted by the closures.
The news did not go down well with burger lovers.
“Devastated … my favourite takeaway,” one person wrote.
“My Japanese spouse and I are devastated. Australians don’t know what decent food is, I swear,” another said.
Greg Hadley, from Greg’s Kitchen YouTube fame, documented his last meal there.
“It’s a sad day in Australia … another burger chain is closing down,” he said.
MOS Burger is Japan’s second-biggest fast-food franchise behind McDonald’s.
It is headquartered in Tokyo and was founded in 1972.
MOS Burger stands for “Mountain, Ocean, Sun”.
The retreat comes amid a horror year for the entire sector in Australia.
Financial services company CreditorWatch recently revealed at least one in 13 Australian hospitality businesses are predicted to fail in the next 12 months, with restaurateurs facing a maelstrom of increased costs and reduced diner numbers.
According to ASIC, the national accommodation and food services sector has seen the highest insolvency rates in recent years, second only to the construction industry.
CEO of industry organisation Restaurant and Catering Australia, Suresh Manickam, recently told Bloomberg that the heightened daily costs of running an eatery, including those associated with energy and interest rates, are pushing popular businesses to the brink.
At the same time, consumers have become more cautious about spending money.
“There are multiple challenges at the moment,” Mr Manickam said.
“Almost every single input that goes into doing business is rising. There’s nothing that we know of that is going down in terms of input.”
News.com.au has contacted MOS burger for comment.
More Coverage
Originally published as MOS Burger announces closure of all Australian stores
Why bank may have to pay you hundreds
Nearly two million Aussies could soon receive hundreds of dollars after multiple major banks were ordered to issue more than $28m in refunds.
Alliance bucks trend with record year and ‘better to come’
Just like Rex, Alliance Aviation saw the opportunity to expand its fleet during the Covid pandemic but while one airline failed spectacularly, the other soared to new heights.
Aussie shares flat with all eyes on Israel
The sharemarket inched higher on Thursday as investors braced for Israel’s response to Iranian missile and terror attacks and the release of crucial US jobs data.
Green hydrogen hype fast runs out of steam
The glow of the superfuel is fading fast and this demands a rethink of its role in the path to net zero.
Hunger games: Qantas revamps menu as competition heats up
Faced with tougher competition from a cashed-up Virgin Australia, Qantas is looking to lift its game on the food front with a shake-up of what’s on offer on domestic flights.
‘Kick in the guts’: Major uni to slash jobs
An elite Australian university has been forced to slash jobs because of a huge deficit, which not even enrolling more students could fix.