Core Insights - EHB Restaurant, known as a benchmark for fine dining in Shanghai, announced its closure on September 28, 2025, after just over two years of operation, surprising the dining community [2][4][6] - The restaurant, which opened on May 31, 2023, quickly gained a reputation for its high prices and exclusive dining experience, achieving a Michelin star within six months of opening [5][6] - The closure is attributed to a "strategic partnership adjustment," with no specific details provided about future plans or operational changes [6][10] Company Overview - EHB Restaurant is located in a French-style villa in Xuhui District, Shanghai, with a total area of approximately 746 square meters, featuring a tearoom and dining areas across three floors [2][4] - The restaurant was co-founded by renowned chef Esben Holmboe Bang and Luo Hao, the son of the founder of the well-known Chinese bakery brand, Holiland [5] Financial Performance - Initially, EHB's average spending per customer was close to 10,000 yuan, positioning it among the top tier of high-end dining in China [4] - Currently, the average spending is reported at 2,035 yuan for the restaurant and 437 yuan for the tearoom [4] Industry Context - The closure of EHB Restaurant reflects ongoing challenges in the high-end dining sector, with several other Michelin-starred restaurants also announcing closures due to market pressures [6][10] - Data indicates a significant decline in high-end restaurants in Shanghai, with the proportion of restaurants with an average spending of over 500 yuan dropping from 1.35% to 0.76% over two years [10][11] - The high-end dining market is facing pressures from changing consumer behavior, with a shift towards value and experience over mere prestige [14][15]