Khalifa

Tucson steakhouse launches ghost kitchen for rapper Wiz Khalifa | Caliente

“One of the big challenges a lot of operators face during the pandemic is they were not set up for delivery, or their food does not deliver well and those restaurants are in big trouble,” said Nextbite CEO Geoff Madding, who said the virtual kitchens are given the recipes and are responsible for providing the ingredients; the restaurant and Nextbite then split the profits. “We give them a whole lot of brands and the cool thing about the model is it allows them to do what they are already doing but they don’t have to create a new brand or create something specifically for delivery. It allows that restaurant to do what they are already doing.”

Garrett’s Family Steakhouse, 9431 E. 22nd St., is the first restaurant in Arizona to join Nextbite’s virtual restaurant program, which is in major cities across the country including Los Angeles, San Diego, Pittsburgh, Chicago and Denver. Lopuszynski said that when he rolled out the program on Sept. 22, he made $22 in sales the first day. Every day after, sales increased — $60 on the second day, then $300, then $350; one day he had $444 in sales for HotBox and Mother Cluckers, all generated through an invisible third party.

“It has been amazing to the point where on Friday night we had to shut it down,” he said last week. “We did not anticipate the amount of orders.”

Garrett’s is adding staff to keep up with demand. 

Source Article

Burj Khalifa interior design firm says owed $22m by troubled Arabtec

Dubai-based Depa, the global interior solutions group which worked on the Burj Khalifa, said on Monday that it is owed AED82 million ($22.3 million) from troubled construction giant Arabtec.

In a statement to Nasdaq Dubai, Depa said it awaits clarity on the outcome of Arabtec’s discussions and any liquidation application that may be submitted to the competent courts so as to determine the likely impact on the company.

Huge ‘reverberations’ expected as Arabtec confirms dissolution

Construction industry expert says repercussions will be felt on a much wider scale than simply those who are directly involved with the company

“To the extent that Arabtec or member(s) of its group enter liquidation, this would likely have a material impact on Depa’s financial performance and financial position,” it said.

“Depa continues to pursue its pipeline of opportunities and deliver on its secured projects. Management is implementing Depa’s group-wide transformation and restructuring programme and continues to take action to reduce Depa’s cost base to protect its financial position, in addition to the continuation of its non-core asset disposal programme,” it added.

Depa said further announcements will be made to the market “as and when appropriate”.

Arabtec is Depa’s second largest shareholder, owning 24.18 percent, but the majority of Depa’s shares are held by individuals, funds and institutions not connected with Arabtec, the company said in a statement. 

Arabtec also has a minority representation on the board of directors of Depa.

In a statement issued to the Dubai Financial Market on Monday, Arabtec said it would be holding a meeting on Wednesday to discuss its next steps.

Last week, Arabtec confirmed that shareholders had voted to discontinue with the company and dissolve it due to its untenable financial situation.

Video: Arabtec – the projects