But even if he has reached household name status, Momofuku was still hit hard by the financial repercussions of COVID-19. The monetary losses of the restaurants have accumulated during its extended closure, and after “negotiating with our landlords, changing the service model, and more,” the restaurant stated that “increased investments in health and safety, huge reopening expenses, and the lack of rent relief” made way for the unfortunate decision.
“CCDC was Dave’s hometown restaurant, and at Nishi, we learned how to face extremely difficult challenges together,” shared Momofuku’s Instagram page.
While this news may come as a shock to diners who were used to seeing full occupancy at the restaurant, Chang already shared his vision last March that without serious government intervention, the restaurant industry is set to crumble.
Unfortunately, this narrative is now the new norm. More than ever, people are saying goodbye to their favorite small independent restaurants.