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Top News In வெஸ்ட்ஃபீல்ட் பள்ளத்தாக்கு நியாயமான Today - Breaking & Trending Today

UNIBAIL-RODAMCO SE: UNIBAIL-RODAMCO-WESTFIELD REPORTS FY-2020 EARNINGS

UNIBAIL-RODAMCO SE: UNIBAIL-RODAMCO-WESTFIELD REPORTS FY-2020 EARNINGS
Press release
UNIBAIL-RODAMCO-WESTFIELD REPORTS FY-2020 EARNINGS
URW s organisation has demonstrated resilience in extreme operating conditions with positive consumer demand whenever restrictions eased or lifted during 2020
Flagship destinations continue to attract leading brands and emerging players - working together to innovate in a rapidly evolving retail environment
Focused operational plan for 2021 and clear commitment to deleveraging - URW will emerge as a stronger business harnessing the market rebound
FY-2020 in Review
Strong start to 2020 but only 70 days of normal operations, most of the year subject to various restrictions and 93 days on average closed
(1)
Like-for-like shopping centre Net Rental Income ( NRI ) down -24%, driven by rent relief and doubtful debtors as URW was heavily impacted due to central locations and F&B exposure ....

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Kitchen United reinvents California shopping mall as food delivery hub

MIX technology coordinates orders from multiple concepts for off- or on-premise consumption
Ghost kitchen operator Kitchen United last week announced a partnership with a Northern California shopping mall to help restaurant tenants reach off-premise customers via delivery.
At Westfield Valley Fair in Santa Clara, Calif., Kitchen United has also installed a system of pickup lockers throughout the mall the largest retail destination in Northern California that allows the restaurants to deliver food closer to the approximately 8,500 mall workers scattered throughout the space.
Key to the implementation of the partnership is the deployment of Kitchen United’s MIX technology, which will allow customers to combine menu items from multiple restaurants into a single order. The technology has undergone considerable testing at Kitchen United’s other locations, said Atul Sood, chief business officer at Pasadena, Calif.-based Kitchen United. ....

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10 Must Reads for the CRE Industry on Feb. 3, 2021

10 Must Reads for the CRE Industry Today (Feb. 3, 2021)
Commercial Observer looks at anti-money laundering legislation that could impact the commercial real estate industry. Amazon has unveiled the designs for its northern Virginia office headquarters, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
New Law to Curb Money Laundering Has Real Estate Concerned“A new law set to stymie anonymous investments in real estate has industry groups and attorneys worried that the change will chill market activity and unduly burden buyers. Proponents, however, say it’s long overdue. Setting up a limited liability company to purchase real estate anonymously was, until fairly recently, one of the favorite ways for folks up to no good to launder their money to remove the stigma of ill-gotten gains.” ( ....

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Godiva to close all stores, including seven in Bay Area

Godiva to close all stores, including seven in Bay Area
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FILE: A display of chocolate treats is displayed at Godiva s just-opened cafe in New York, Tuesday April 16, 2019.Bebeto Matthews / Associated Press
Chocolatier Godiva is closing all of its Northern American stories, including seven locations around the Bay Area.
The mass closure affects 128 stores in the U.S. and Canada, although its outposts in Europe, the Middle East and China will remain open. The closures will be completed by March, as the stores are expected to stay open during the lucrative Valentine s Day season.
The news comes less than two years after Godiva s planned expansion of 2,000 cafes around the globe by 2025. Americans won t be short on Godiva chocolates, though. The products will continue to be sold online, in grocery stores and other retailers that carry their products. ....

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Korean-style soft-serve ice cream is coming to North San Jose's Market Park project

Korean-style soft-serve ice cream is coming to North San Jose's Market Park project
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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