新消费派丨停业、闭店、破产……明星餐饮的 “流量泡沫” 为何一戳就破？

Core Insights - The decline of the brand "Shangshangqian" reflects a broader trend of diminishing popularity for celebrity and internet-famous restaurants, highlighting that reliance on celebrity influence is insufficient for long-term success [2][8] - The restaurant industry has seen a significant increase in customer acquisition costs, rising by 320% since 2020, while new customer conversion rates have dropped below 15%, indicating a challenging market environment [8][10] Company Overview - "Shangshangqian" once operated 8 direct stores and 20 franchise stores in major cities like Shanghai, Guangzhou, and Hangzhou, but now only one store remains operational in Shanghai after the closure of its Guangzhou location [2] - The brand was co-founded by celebrity Xue Zhi Qian in 2012, who later exited the company in 2019, leading to changes in ownership and management [4][6] - The current actual controllers of "Honghe Catering," the associated company of "Shangshangqian," are Tang Yanhang and Li Yuanlin, holding 60% and 40% of the shares respectively [4] Industry Trends - The report from RET Research indicates that 61.7% of celebrity businesses are in the restaurant sector, with bars following at 13.6% [4] - The reliance on celebrity endorsements has led to a high turnover of restaurant brands, with many failing to maintain quality and service after initial popularity [8][11] - Industry experts suggest that the future of successful restaurant brands will depend on their ability to build intrinsic value beyond celebrity association, focusing on product quality, supply chain management, and customer experience [12]