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LOCKDOWN IMPACT ON RESTAURANTS
Brexit at 10: How Britain's financial sector recovered and evolvedPost-Brexit, London's financial landscape has witnessed a decline in its global market influence and workforce numbers. While some position...- Coca-Cola India net profit declines 28%; bottling arm HCCB’s net drops 93% in FY21The maker of Sprite and Thums Up soft drinks and Kinley water reported total expenses of Rs 1,741 crore for the fiscal, according to its fi...
- You may have to wait longer to dine outA recovery for the sector is unlikely till the time most people are completely vaccinated because the pandemic was more devastating for fam...
- 50% restaurants may not open once restrictions ease: Industry insidersIndustry insiders do not foresee a recovery for the sector till the time Indians are doubly vaccinated. While lockdown restrictions were lo...
- Staggered lockdowns start to bite battered restaurantsEven though take-outs and ordering have been exempted from the restrictions and continue in the bigger metros, there are fears that deliver...
- A labour crisis looms again as migrant workers return homeThe nationwide lockdown imposed at short notice last year had forced hundreds of thousands of workers to stream out of cities on foot, as t...
- Delhi Lockdown: Restaurants, cinemas wary of longer curbsDelhi hospitality players have already seen dwindling occupancy levels in the last few days, and they expect the lockdown to further add to...
- Covid second wave deals another blow to jobs in hospitality sectorUncertainty forcing restaurant chains, bars, hotels, salons and multiplexes to sack staff, cut salaries and put workers on leave without pa...
- Latest round of Covid restrictions has lenders fretting over rising defaultsYesterday, Maharashtra, which has seen a resurgence of infections, announced a weekend lockdown starting 8 pm of Fridays to 7 am on Mondays...
- Jubilant FoodWorks to shut down unprofitable stores; expects normalcy by FY21-endThe management forecasted that the pace of store openings for Domino’s and its chinese cuisine restaurant Hong’s Kitchen will pick up next ...
- KFC’s first outlet in Srinagar beats company’s sales estimates in ten daysThe development comes at a time when dine-in businesses across restaurant chains have been severely impacted and reported steep decline in ...
- McDonald’s North & East seeing slow recovery to normalcy: CPRL head“There are still some operating restrictions as we move to the unlock period. It will take us some more time to get back to earlier level o...
- Domino’s Pizza starts levying delivery fee; move aimed at reducing margin pressureDomino’s Pizza, which has more than a thousand outlets in the country operated by Jubilant FoodWorks Ltd (JFL), is levying a delivery charg...
- Covid-19 pandemic may shutter your favourite restaurantThe ripple effect of the nationwide lockdown has hurt top fine-dining chains like The Olive Group, Indigo Deli and Smoke House Deli as well...
- Liquor curbs, night curfew may cause shuttering of Bengaluru eateriesThe new norms will further reduce the already low footfall and increase operational costs, restaurants, hotel chains and mall operators, sa...
- Jubilant FoodWorks Q4 results: Net profit down 58% to Rs 32.53 croreRevenue from operations rose 4.11 per cent to Rs 908.75 crore during the quarter under review as against Rs 872.82 crore in the correspondi...
- We need better policy framework; we’re staring at large scale shutdowns: NRAI“We need better policy framework to make ourselves self-reliant,” NRAI president Anurag Katriar said in a statement. “It is also clear that...
- Covid-19 pandemic to eat up half of dine-in restaurants' revenue in FY21: Crisil ResearchGiven low demand and social distancing norms, restaurants will operate at 25-30% of their monthly service levels in the first 45 days after...
- Covid lockdown: At McDonald’s, Domino’s sellers, staff get paid in slices now“There is absolutely no income coming our way due to the Covid-induced lockdown for over a month. As a result, most companies are facing th...
- Hoteliers seek 3-month rent waiver from landlordsThe Bruhat Bangalore Hotels Association has, in a letter to the landlords of hotels and restaurants, proposed “a complete waiver of rentals...
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