logo
Viral restaurant sensation to close Dublin diner less than a year after opening

Viral restaurant sensation to close Dublin diner less than a year after opening

Extra.ie​28-07-2025
A city centre restaurant known for its cheeky service and viral concept has announced its permanent closure, citing financial pressures faced by many small businesses.
Karen's Diner, which opened on Dublin's O'Connell Street in early 2024, was originally part of a global chain inspired by the viral 'Karen' meme – where waiters and waitresses playfully adopt rude personas and pretend to deal with difficult customers.
In November 2024, the venue rebranded as Karen's Gone Wild, becoming an independently owned Irish restaurant. Karen's Diner on O'Connell Street in Dublin. Pic: Fran Veale
Despite the local ownership and loyal customer base, the team confirmed via social media over the weekend that the business will close for good on Sunday, August 3.
'After a wild ride, we've decided it's time to shut our doors. Karen's will officially close after Sunday, August 3rd.
'So if you've ever wanted to experience the madness (or come back for round two), now's your last chance. Like many independent spots, we've felt the pressure — VAT at 13.5%, rising costs, tight margins, and so much more.
'A huge thank you to everyone who supported us, shouted at us, laughed with us, and made this place what it was. It's been unreal. Once again thank you for being part of it — we hope to see you one last time before we turn off the lights.'
Karen's closure adds to a growing list of hospitality venues struggling to stay afloat in Ireland, as rising operational costs, VAT increases, and narrow profit margins continue to pressure small businesses across the country.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Over €66m unclaimed from Deposit Return Scheme
Over €66m unclaimed from Deposit Return Scheme

RTÉ News​

time32 minutes ago

  • RTÉ News​

Over €66m unclaimed from Deposit Return Scheme

Irish consumers last year turned their back on €66.7m when they failed to cash in their deposits for drink containers through the Government's Deposit Return Scheme (DRS). That is according to the 2024 annual report for Re-Turn which shows that the failure by consumers to redeem the €66m worth in deposits for their drink containers was the chief reason behind the State-backed firm to record a pre-tax surplus of €51.3m for 2024. Established by Government, Re-Turn went live with its Deposit Return Scheme operations on 1 February 2024 with the aim to significantly increase the recycling rates of bottles and cans. Last year, 877.85m containers were returned made up of 433.2m plastic bottles and 444.6m cans. The annual report shows Re-turn recorded revenues of €114.4m in 2024. This included the €66.7m in unredeemed deposits and €47.7m made up of €17.2m from the sale of material and €30.5m from 'producer fees'. The annual report discloses that the income from unredeemed deposits has resulted in a VAT settlement by Re-turn of €23.7m. The company's 2024 costs totalled €62.2m made up of direct collection and recycling costs of €46.5m and administrative expenses of €15.7m which included a spend of €4.6m on 'marketing, communications, and public awareness'. The report states that the €66.7m reflects the recognition of unredeemed deposits for the financial year and "this is after a €36.5m estimate of deposits expected to be returned post year end". The report states that "unredeemed deposits are an expected and routine scenario for deposit return schemes and it was anticipated that in the initial transition period redemptions would be low and therefore there would be a high level of unredeemed deposits". The report states that "as a not-for-profit organisation, in the early stages of our maturity, the fees from unredeemed containers are being reinvested in a number of ways". These include paying off initial scheme set-up costs; infrastructure development; consumer education campaigns and contributing to its legally required contingency reserve. The report adds that income from unredeemed deposits "is expected to significantly reduce as the scheme reaches its targeted redemptions of 90% in the coming years". The report states that "in the long term, should unredeemed deposits be higher than forecast, we would support initiatives that drive increased adoption of the scheme as well as investing in broader innovative projects designed to further the country's circular economy strategy". The report states that Re-Turn closed the year with a cash balance of €89.8m. The report states that this cash figure will reduce significantly in 2025 when several significant draw-downs are scheduled and after accounting for these factors the adjusted cash balance would reduce to approximately €32m. The significant draw-downs include a VAT settlement on unredeemed deposits of €23.7m; a provision of €13.8m for Re-Turn's contingency reserve fund; a settlement of the remaining €11.7m balance of the facility agreement with Bank of Ireland grant settlement of c.€3.2m to retailers in respect of 2024 and a provision of €5.4m for corporation tax arising on surplus in the scheme. In comments attached to the report, Re-Turn CEO Ciaran Foley stated: "Thanks to the incredible buy-in and adoption from the Irish public, 877 million containers were returned through DRS in 2024, equating to an average 66% post transition period recycling rate. "The seasonality of the soft drinks market was reflected in some even higher months, such as in August when the return rate reached 75%. Every 1% increase equates to around 19 million containers, and we recorded some daily returns of over 5 million products over the Christmas period." Chair of Re-Turn Tony Keohane stated that the launch of Ireland's Deposit Return Scheme (DRS) in February 2024 marked a defining milestone in the country's journey toward a more sustainable future. He said: "From a standing start in Autumn 2022, the scheme collected more than 877 million drinks containers in its first 11 months. In that short time, we've seen Irish consumers recycle more bottles and cans than ever before and do so in a way that produces high quality recyclate, helping build a truly circular economy."

Irish consumers generate €66m for Re-Turn by not redeeming deposits
Irish consumers generate €66m for Re-Turn by not redeeming deposits

Irish Daily Mirror

time3 hours ago

  • Irish Daily Mirror

Irish consumers generate €66m for Re-Turn by not redeeming deposits

Irish consumers last year turned their back on €66.7m when they failed to cash in their deposits for soft drink containers through the Government's Deposit Return Scheme (DRS). That is according to the 2024 annual report for Re-turn which shows that the failure by consumers to redeem the €66m worth in deposits for their soft drink containers was the chief reason behind the State-backed firm to record a pre-tax surplus of €51.3m for 2024. Established by Government, Re-Turn went live with its Deposit Return Scheme operations on February 1, 2024 with the aim to significantly increase the recycling rates of bottles and cans. Last year, 877.85m containers were returned made up of 433.2m plastic bottles and 444.6m cans. The annual report shows Re-turn recorded revenues of €114.4m in 2024. This included the €66.7m in unredeemed deposits and €47.7m made up of €17.2m from the sale of material and €30.5m from 'producer fees'. The annual report discloses that the income from unredeemed deposits has resulted in a VAT settlement by Re-turn of €23.7m. The company's 2024 costs totalled €62.2m made up of direct collection and recycling costs of €46.5m and administrative expenses of €1.5.7m which included a spend of €4.6m on 'marketing, communications, and public awareness'. The report states that the €66.7m reflects the recognition of unredeemed deposits for the financial year and "this is after a €36.5m estimate of deposits expected to be returned post year end". The report states that "unredeemed deposits are an expected and routine scenario for deposit return schemes and it was anticipated that in the initial transition period redemptions would be low and therefore there would be a high level of unredeemed deposits." Special bins for rejected cans have been installed beside some machines The report states that "as a not-for-profit organisation, in the early stages of our maturity, the fees from unredeemed containers are being reinvested in a number of ways. "These include paying off initial scheme set-up costs; infrastructure development; consumer education campaigns and contributing to our legally required contingency reserve." The report adds that income from unredeemed deposits "is expected to significantly reduce as the scheme reaches its targeted redemptions of 90 per cent in the coming years". The report states that "in the long term, should unredeemed deposits be higher than forecast, we would support initiatives that drive increased adoption of the scheme as well as investing in broader innovative projects designed to further the country's circular economy strategy". The report states that Re-turn closed the year with a cash balance of €89.8m. The report states that this cash figure will reduce significantly in 2025 when several significant draw-downs are scheduled and after accounting for these factors the adjusted cash balance would reduce to approximately €32m. The significant draw-downs include a VAT settlement on unredeemed deposits of €23.7m; a provision of €13.8m for Re-turn's contingency reserve fund; a settlement of the remaining €11.7m balance of the facility agreement with Bank of Ireland grant settlement of c.€3.2m to retailers in respect of 2024 and a provision of €5.4m for corporation tax arising on surplus in the scheme. In comments attached to the report, ceo of Re-turn, Ciaran Foley has stated: "Thanks to the incredible buy-in and adoption from the Irish public, 877 million containers were returned through DRS in 2024, equating to an average 66 per cent post transition period recycling rate10." He said: "The seasonality of the soft drinks market was reflected in some even higher months, such as in August when the return rate reached 75 per cent. Every 1 per cent increase equates to around 19 million containers, and we recorded some daily returns of over 5 million products over the Christmas period." Chair of Re-turn, Tony Keohane stated that the launch of Ireland's Deposit Return Scheme (DRS) in February 2024 marked a defining milestone in the country's journey toward a more sustainable future. He said: "From a standing start in Autumn 2022, the scheme collected more than 877 million drinks containers in its first 11 months. In that short time, we've seen Irish consumers recycle more bottles and cans than ever before and do so in a way that produces high quality recyclate, helping build a truly circular economy." Subscribe to our newsletter for the latest news from the Irish Mirror direct to your inbox: Sign up here.

Concern as number of unemployed young people jumped by a percentage point in just one month
Concern as number of unemployed young people jumped by a percentage point in just one month

The Journal

time4 hours ago

  • The Journal

Concern as number of unemployed young people jumped by a percentage point in just one month

A SPIKE IN unemployment among young people – with roughly one in eight who are eligible to work not working – should not be ignored, experts have said. Data from the Central Statistics Office (CSO) published yesterday found that 12.2% of people aged between 15 and 24 years old who are eligible to work are currently unemployed . 'Consistently having in or around 40,000 young people without work in a booming economy cannot and should not be ignored by policymakers and wider society,' Dr Laura Bambrick of the Irish Congress of Trade Unions told The Journal. The figure excludes the vast majority of people in that age group, who are still in full-time education or training. However, it jumped by almost one percentage point in the space of a month, sparking concern about business confidence in the current climate. One expert said that the spike in youth unemployment could suggest that business confidence is 'softening' in the face of US tariffs and general global uncertainty. Another expert said forthcoming reports will provide a clearer picture of the Irish job market. Chief economist at Grant Thornton Andrew Webb said firms are being more cautious right now, which could create an environment where firms are less likely to fill junior roles. 'Policymakers should take this signal seriously,' he said. 'If ignored, today's flicker could become a more persistent fault.' Advertisement Dr Laura Bambrick of ICTU echoed Webb's comments that policymakers need to pay attention to the figure. However, she noted that common reasons given for high unemployment rates – including the cost of minimum wage or 'generous' welfare payments – ignores key facts, including that youth unemployment in Ireland remains the lowest rate in the EU. A different CSO report today shows those under 24 years old make up one of the smallest cohorts of people registered for the jobseekers' allowance , or equivalent social welfare payments, second only to people aged between 55 and 59. Bambrick also highlighted that the vast majority of people are still in education and that, as with all reports, yesterday's jobs data is still subject to revision. 'It is true that an uptick in youth unemployment can be the canary in the coal mine, signalling an economic downturn,' she said, noting that the CSO's Labour Force Survey, to be published soon, will give us a 'more accurate picture' of the Irish job market. Uncertainty remains over the Irish economy in the medium term, particularly for the future of tariffs on key sectors such as pharma and tech. The EU is adamant that a 15% cap on all tariffs had been agreed in the recent deal with the US, but Donald Trump has claimed that tariffs as high as 200% could be placed on targeted industries in the future. Despite pronouncements from Webb and business representatives, Irish firms may be screaming into the void when it comes to receiving support to combat higher costs associated with US tariffs. Under the government's current analysis, though some reports do not take tariffs into account, Ireland looks poised to boost its revenue and economic growth into the end of the year. Readers like you are keeping these stories free for everyone... A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation. Learn More Support The Journal

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store