Top restaurants struggle as covid takes a bite out of business3 min read 17 Jun 2020, 11:36 PM IST
Some companies are pivoting towards cloud kitchens, while others are even shutting shop
High rentals and uncertainty over long-term viability have been blamed for some closures
The food business is supposed to be recession-proof. After all, the logic goes, people don’t stop eating during a downturn. But accepted theories have been turned on their head by the coronavirus pandemic.
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