As per RedSeer Management Consulting, the domestic cloud kitchens market is expected to grow from $400 million in 2019 to $2 billion by 2024. Cloud kitchens are leading from the front to bring about this change. But what exactly are cloud kitchens?
Cloud kitchens change economics of restaurants biz; what s fuelling their growth? businesstoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstoday.in Daily Mail and Mail on Sunday newspapers.
›Covid infects lease pacts: Retailers say they will pay rent only in proportion to actual business in case of lockdowns
Covid infects lease pacts: Retailers say they will pay rent only in proportion to actual business in case of lockdowns
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Covid infects lease pacts: Retailers say they will pay rent only in proportion to actual business in case of lockdownsBy
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Synopsis
Amid last year’s nationwide lockdown and this year’s local lockdowns, retailers and restaurants have taken a massive hit, facing closure of outlets, huge losses and retrenchments.
PTI
Top retailers and restaurant chains such as Reliance Retail, Madura Fashion & Lifestyle, Domino’s, Plum by Bent Chair, Mamagoto, Farzi Cafe, Lee, Wrangler and Cafe Warehouse among others, are insisting on introducing clauses in all new leases that stipulate that they will not pay rent, or pay only in proportion to their actual business, in the event of government mandated closures of stores and malls.
Delivery companies allege harassment, arrests by cops
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Agencies
On Friday, McDonald’s said it is starting deliveries till 3 am from select stores in Mumbai, following the state government’s notification.
Amid increased lockdowns and curfews, delivery fleet of companies including Zomato and Swiggy and restaurants which have been allowed to deliver on their own are facing harassment and even arrests by the police on charges which are incorrect, industry executives said.
“Despite following all Covid protocols, our delivery personnel are being harassed and even arrested by Delhi Police. Request you to send out urgent necessary instructions to stop this right away. This is the least you can do for our beleaguered sector,” the National Restaurants Association of India (NRAI), which represents over five lakh restaurants in India, tweeted on Friday.
Updated Apr 08, 2021 | 09:40 IST
Although IPL s broadcasting rights are with Star Sports, the league also derives a chunk of its revenues from out-of-home viewership for which brands had forged tie-ups. Representational image
New Delhi: Indian Premier League (IPL), which starts from tomorrow (April 9), likely to see significant decline in its out-of-home revenues as brands are pulling out of co-promotions and off stadium marketing activities they had inked with bars, clubs and restaurants for live screenings of matches amid the second wave of Covid-19, the
Economic Times mentioned in a report citing industry executives.
Although IPL s broadcasting rights are with Star Sports, the league also derives a chunk of its revenues from out-of-home viewership for which brands had forged tie-ups.