Core Viewpoint - The closure of the Michelin-starred EHB restaurant in Shanghai highlights the ongoing challenges faced by the high-end dining sector, indicating a broader trend of market contraction and changing consumer preferences [3][13][28]. Group 1: EHB Restaurant Overview - EHB restaurant, known as a benchmark for fine dining in Shanghai, announced its closure after just over two years of operation, with a peak average spending of nearly 10,000 yuan per person [5][10]. - The restaurant, which opened on May 31, 2023, featured a unique three-story layout and was initially highly sought after, requiring reservations three months in advance [7][11]. - Despite its initial success and rapid recognition, including a Michelin star within six months, EHB restaurant cited "strategic cooperation adjustments" as the reason for its closure [12][15]. Group 2: Broader Industry Trends - The closure of EHB reflects a persistent "cold winter" for high-end dining, with other Michelin-starred restaurants like Rêver·玥 and Ultraviolet also announcing closures due to market pressures [20][21]. - Data indicates a significant decline in high-end dining establishments in Shanghai, with the proportion of restaurants with an average spending of over 500 yuan dropping from 1.35% to 0.76% within two years, resulting in a reduction of over 900 high-end restaurants [25][26]. - Many high-end restaurants are adapting by lowering prices or introducing more affordable menu options to attract a broader customer base, as seen with brands like New Rongji and Da Dong [28].

Group 1 - EHB Restaurant, known as a benchmark for fine dining in Shanghai, will cease operations on September 28, 2025, marking a temporary farewell to consumers [1][16] - The restaurant, which opened on May 31, 2023, had a peak average spending of nearly 10,000 yuan per person, making it one of the most expensive Nordic cuisine restaurants in Shanghai [2][3][7] - Despite its high prices, EHB Restaurant was initially very popular, requiring reservations up to three months in advance [8][10] Group 2 - EHB Restaurant was co-founded by renowned chef Esben Holmboe Bang and Luo Hao, the son of the founder of the well-known brand Haolilai [10] - The restaurant received a Michelin star within six months of opening, becoming the first Michelin-starred Nordic restaurant in Shanghai [12] - The closure is attributed to a "strategic adjustment" in collaboration, with no specific details on future plans provided [14][16] Group 3 - The closure of EHB Restaurant reflects a broader trend of high-end dining establishments facing challenges in the current economic climate, with several other Michelin-starred restaurants also announcing closures [18][19] - 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% in May 2023 to 0.76% by August 2025 [25][26] - The high-end dining sector is under pressure from changing consumer behavior, leading many restaurants to adopt more affordable pricing strategies to attract customers [27][32]