This (French) study [0] published in 2023 on data from 2019 calculates that the costs from legal drugs such as tobacco and alcohol, including higher helthcare spend during the life of smokers/drinkers, are still higher than revenue from unspent money on pensions and taxes, and cost of healthy person living years.
Annihilated is very much exaggerated, even if the bakery sector is changing for sure and is facing the same issues of inflation as everyone.
Number of bakeries is stable around 33 000 in 2025, down from 36 500 in 1990 [0][1]
Revenues are up for both independant and franchised, and while the franchises grow faster than independants, they represent >90% of the total bakeries.
[0] https://www.ofdt.fr/sites/ofdt/files/2023-08/field_media_doc...