Michelin Guide to good food highlights austerity

Michelin.pngThe Michelin Guide is the original good food guide.

For over a century, chefs have competed for its coveted 1, 2 and 3 star classification.

But for the first time since 1991’s major downturn, the latest edition for France contains not a single new entry at 3 star level, .

Instead, and for the first time ever, the guide now features more budget restaurants than those with stars. 601 won the ‘bib gourmand’ title for good food at reasonable prices. Only 577 won stars.

This is yet another indicator of the changing priorities amongst European consumers.

Coincidentally, the blog was already planning a visit to Paris over Easter. It is now looking forward even more to the trip.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. He also serves as a Global Expert for the World Economic Forum. The aim of this blog is to share ideas about the influences that may shape the chemical industry and the global economy over the next 12 – 18 months. It looks behind today’s headlines, to understand what may happen next in critical areas such as oil prices, China and Emerging Markets, currencies, autos, housing, economic growth and the environment. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.


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