Goldbelly: A $100 million bet on cross-country restaurant delivery indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
May 17, 2021, 5:00 a.m. ET
When the pandemic started last spring, Di Fara, one of New York City’s storied pizza joints, had the same question as countless restaurants nationwide: How would it make any money when customers weren’t allowed through its doors?
One answer quickly emerged: Ship frozen (and slightly smaller) versions of its classic pies across the country in partnership with the eight-year-old e-commerce platform Goldbelly.
Sales picked up so much that Di Fara converted its two-year-old second location, in a food hall, to essentially be a Goldbelly production line. Margaret Mieles, the daughter of Di Fara’s founder, who had already struck an agreement with Goldbelly in December 2019, credits the platform with helping the pizzeria avoid layoffs.
Seven Must Reads for the CRE Industry Today (May 18, 2021) Rising rent prices could contribute to stronger long-term inflation trends, according to the Business Insider. Commercial Observer looks at how proptech boomed during the pandemic. These are among today’s must reads from around the commercial real estate industry.
Rent’s Big Comeback Could Be the Thing That Makes Stronger Inflation Permanent “Rent prices tumbled at the start of the pandemic and are only just now on the rise. But where inflation in other pockets of the economy is expected to cool off, rent might just keep climbing. The Federal Reserve, Biden administration officials, and much of Wall Street see elevated overall inflation eventually moderating as the economy settles into a new normal.” (