NEWSFLASH: Lewis Hamilton’s business shuts down after losing millions as 150 staff lose their jobs.

Lewis Hamilton has faced a challenging debut season with Ferrari after his switch from Mercedes, and now he’s been dealt another setback involving his off-track endeavors.

Lewis Hamilton’s restaurant chain Neat Burger has been forced to close the doors on some of its restaurants, after losing MILLIONS. The Ferrari star set up the chain back in 2019 alongside Leonardo DiCaprio, among others.

Neat Burger has faced significant challenges since its launch, with financial losses mounting to a staggering £7.9 million in 2022—a £3.2 million increase from the previous year.

In an effort to stem the tide, the company shut down half of its London locations and closed a New York branch. At the time, they issued a statement saying, “We are focusing on our best-performing restaurants — sometimes taking a step back is necessary to make a bigger leap forward.”

However, despite those efforts, the situation hasn’t improved. It’s now been confirmed that Neat Burger is exiting the UK market completely. A spokesperson stated, “We have no further comment at this time, other than to confirm the difficult decision to close our UK restaurants.”

As a result, around 150 employees are expected to lose their jobs. The closures follow an incident at the Camden location, which initially received a low food hygiene rating of two out of five. After management intervened and improvements were made, the branch later achieved the highest rating.

This latest setback adds to Lewis Hamilton’s struggles. The 40-year-old has had a rough start to his first season with Ferrari, failing to place higher than fifth in the first five races and even being disqualified in China. It seems Hamilton is already losing hope for the championship.

After finishing seventh in Saudi Arabia, Hamilton said: “There’s nothing positive to take away, apart from Charles getting on the podium, which is good for the team. But for me, it was awful — no grip, the car didn’t turn, and I had massive tyre degradation. Even in the second stint, the balance was better, but the pace still wasn’t there. Honestly, there’s no fix right now, so it looks like the rest of the season will be painful.”

Hamilton now has just under two weeks to regroup before the next Formula 1 race in Miami on May 4.