Chinese actor Zhang Yiyang, 33, was executed by firing squad on December 18, 2024, for murdering his 16-year-old girlfriend. His appeal was rejected by the Xianyang Intermediate People’s Court, marking a grim first in China’s entertainment industry.
The opening would mark the end of a three-year closure that was first imposed when COVID emerged in 2020.
Speciality Restaurants reported Rs 11.20 crore in net profit in the third quarter of FY22 compared with a net loss of Rs 3.69 crore in the corresponding period a year earlier.
Speciality Restaurants is looking at smaller format to help reduce manpower costs, electricity cost and other indirect cost. The company is in the process of revamping Mainland China and changing its name to Asia Kitchen by Mainland China.
Anjan Chatterjee, founder and MD of Speciality Restaurants says the fourth quarter so far is panning out to be flattish since discretionary spends are not very encouraging
Anjan Chatterjee, Founder & Managing Director of Speciality Restaurants says that the focus, he says, is shifting from ‘fine dining‘ to ‘fun dining‘, which will be an important focus area for the company.
Speaking to CNBC-TV18, CFO Rajesh Kumar Mohta says the weekday spending from corporates has been quite sluggish and despite a fall in food inflation, momentum on ground is yet to pick up.
The company's revenues for the December quarter grew 18 percent to Rs 77.2 crore, and operating profit (EBITDA) grew 8 percent to Rs 13.67. However, net profit was flat at Rs 6.69 crore.
Speciality Restaurants opened 14 new stores last year, but its same store sales growth remained flat in this quarter.
Speciality Restaurants that runs Mainland China posted a 14 percent rise in revenue for the quarter ending December 31 at Rs 61 crore against Rs 53.53 crore yoy. Anjan Chatterjee, MD, Specialty Restaurants told CNBC-TV18 that the company is adding 16 stores this year.
In an interview to CNBC-TV18, Anjan Chatterjee gives an insight on how their food business has been performing. He says their discretionary spending has been under pressure.
IIM Lucknow institute has become famous or infamous for having one of the most back breaking and rigorous MBA programmes in the country but it is also a favoured destination for students and recruiters and has carved a niche for itself in the areas of marketing, consulting and finance.
At the first Zomato Indian Restaurant Summit 2012, restaurant-owners, VCs and foodies and told CNBC-TV18 their views on the key challenges of hiring and retaining of talent, and maintaining margins in a fiercely competitive market.
Fine dining operator Speciality Restaurants' initial public offer has been subscribed 2.49 times so far on final day, as per data available on NSE website. Maximum bids for the issue were seen in the range of Rs 146-150 a share as against price band of Rs 146-155.
The managing director of Specialty Restaurants Anjan Chatterjee tells CNBC-TV18 that they expect their IPO to suceed despite the poor market conditions.
Last 6-7 months have not been very good for initial public offerings. Seven public offers hit the street since November. But barring MT Educare, most others are trading well below their issue price.
Speciality Restaurants will test the markets this week with its planned initial public offering of shares to raise around Rs 182 crore (at the higher end of its price band).
Starbucks has stopped buying coffee for the moment as it waits for coffee prices to pull back from a 34-year high, John Culver, president of Starbucks Coffee International, was quoted on Friday as saying.