Lewis Hamilton suffers major blow as key announcement made

Neat Burger, a restaurant chain co-founded by seven-time champion Lewis Hamilton, has entered liquidation.

The business was launched six years ago with a plant-based menu, with the chain also backed by Hollywood superstar Leonardo DiCaprio.

A number of restaurants were opened in London, while doors were also opened in Milan and New York.

However, it has been struggling financially over the last handful of years, with reported losses from 2022 being in the £7.9 million range - up from £3.2 million from the year before.

In 2023, it announced half of its UK restaurants would close, before the New York facility shut its doors for the final time last summer.

In a further blow, the company cited financial and operational challenges behind its decision to close the remaining restaurants earlier this year.

It has now emerged that Neat Burger has appointed FRP Advisory as its liquidator on July 22.

The news has come at a time when Hamilton unleashed a new product from his non-alcoholic brand Almave.