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Executives of at least a dozen such chains told ET that the number of fine-dine e-restaurants, or restaurants without physical stores which only deliver and operate through cloud kitchens, will outpace growth of brick-and-mortar outlets in the next 12 months, despite dine-in reopenings.
›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 restau...
Bread brand Modern Foods bought by Mexico's Grupo Bimbo Modern bread holds around 35-40 per cent market share of the Indian bread market with a revenue of Rs 400 crore. Modern Foods competes with other bakery brands such as Harvest Gold, English Oven, Nature's Own and Britannia BusinessToday.In | February 25, 2021 | Updated 18:12 IST Iconic bread brand Modern Foods has been bought by Mexico's largest food and bakery company Grupo Bimbo from homegrown private equity fund Everstone Capital. Everstone had acquired the brand from Hindustan Unilever in 2016. Everstone's bread and bakery platform ...