Stay updated with breaking news from பிரியாங்க் சுகிஜா. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
›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 SECTIONS Covid infects lease pacts: Retailers say they will pay rent only in proportion to actual business in case of lockdownsBy Share 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 ....
Priyank Sukhija, CEO of First Fiddle that runs brands such as Lord of the Drinks, Tamasha and Warehouse Café, said he might consider opening his outlets from Friday. “Maybe by next Monday, we might get some more relief. We can stay open till eight pm. Which means we can take the last order till about 6:30 or 7 pm. I dont understand why alcohol is not allowed. It will take us about 4-5 days to reopen,” he added. ....
Industry insiders do not foresee a recovery for the sector till the time Indians are doubly vaccinated. While lockdown restrictions were longer last year, the second wave was more devastating for families, they said, and would have made people hesitant and fearful of venturing out. ....
Delhi curbs: Restaurants and bars shut till April 30, cinemas to operate at 30% capacity SECTIONS Share Synopsis “We are told as per the orders, the restaurants will be shut on all days till April 30. The industry will be back to square one and where we were in March and April last year,” said Anurag Katriar, president, National Restaurant Association of India (NRAI). Agencies The govt today announced stricter curbs to stem the spread of coronavirus. Confusion prevailed among restaurateurs over the new dine-in curbs imposed in Delhi and the announcement of a weekend curfew. Industry insiders said more clarity was needed on the orders and the timings for home deliveries. The state government’s diktat also came as a shocker for cinema operators. While they feel that the show must go on, a few ET spoke with, said that in a way, the government is ensuring that cinemas remain shut. ....
They opened new restaurants amid a fiery pandemic. Did it make any business sense? Synopsis The Covid crisis became an opportunity in disguise when leading names in the F&B sector decided to take stock of the lucrative market conditions for their businesses. When Zorawar Kalra, MD of Massive Restaurants that has brands like Masala Library, Pa Pa Ya, Farzi Cafe and Made in Punjab to its credit, opened three new restaurants in December and January, some unconventional add-ons were a given. UV lights to check for surface cleanliness, air filters for indoor spaces and brighter aesthetics came up in good measure. While Bo-Tai Switch opened in December in the capital, Swan Delhi with its sprawling ....