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The "Lipstick Effect" Hits the Menu: Consumers Trade Fine Dining for Affordable Indulgence
Is the $200 tasting menu out? The $12 pastry is in.Economic uncertainty doesn't stop consumers from spending—it just changes what they buy. This is the "Lipstick Effect," and it has officially hit the food and beverage industry.In our latest episode of From Kitchen to C-Suite, we dive deep into why consumers are trading down from fine dining to "affordable indulgences." We explore:📉 The softening demand for ultra-luxury dining experiences.☕ Why specialty coffee, premium desserts, and "little treats" are recession-proof.💡 Strategies for C-Suite leaders to pivot their menus for value without…
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