Jolt for malls as retailers, hotels refuse to open

Large shopping malls, which have been feeling the pinch of a long lockdown, received another blow on Monday as several top retailers and restaurants refrained from opening outlets due to a deadlock over new rental agreements. While some big mall owners, such as DLF, Nexus, Phoenix and Select City, have offered to waive 50% rent, retailers have demanded a full waiver.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2ziMW4A