Matt Ferguson, who runs West Cornwall Inns, says 'hospitality has gone very wrong'.
The owner of a chain of pubs in Cornwall says he is having to cease trading due to spiralling costs, despite making a £2 million turnover.
He has announced the four pubs being run by the business will shut on 22 October, even though they enjoyed a busy summer. "The sad thing is we had a busy summer and we'd like to thank each and every person who came to support us."Put simply, a £2 million turnover is still not enough to make any profit, or increasingly even cover costs, as the outgoings in this industry are now just too high.
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