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The Power of One: Shopping malls & retailers must join forces to prevail

Shopping centres – the hubs of economic, commercial and social activity in India – faced an unprecedented situation this year. A pandemic, lockdown, unlocking phase, a second and a third wave of the virus severely crippled the industry. Malls...

Multiplexes expect 25 percent rise in operating cost due to COVID-19 SOPs

Multiplex operators expect up to 25 percent rise in their operating costs on account of the mandatory standard operating procedures as they reopen after being shut since the outbreak of coronavirus pandemic. According to a PTI report: Multiplexes in India...

PVR defers major capex plans amid pandemic

As the coronavirus pandemic and the eventual lockdowns have brought the multiplex industry to a grinding halt, PVR has deferred a significant portion of its capital expenditure (capex) plans and it will reassess them once the shutdown is over...

Future of shopping and cinema

Unperturbed by surge in viewership on OTT platforms like Netflix during lockdown, Ajay Bijli, the chairman of India's largest multiplex operator PVR Ltd, expressed confidence that movie lovers will return to theatres once the government permits cinemas to open. PVR...

Multiplex Association appeals to landlords to waive off rent of operators amid lockdown

The Multiplex Association of India (MAI) has appealed to landlords across the country to waive off rent and common area maintenance (CAM) for all the multiplex operators during the period of the current nation-wide lockdown. India is currently under...

PVR launches PVR Sapphire at Pacific’s Dwarka mall

India’s leading cinema chain PVR Cinemas has announced the launch of its premium cinema viewing experience ‘PVR Sapphire’ at Pacific Group’s D21 Mall located at Dwarka, New Delhi. The new cinema theatre at the Dwarka mall would have 6...

PVR makes foray into Sri Lanka, opens 9-screen multiplex

Film exhibition firm PVR on Friday announced its foray into the Sri Lankan market with the opening of its first theatre in collaboration with Shangri La Group.According to a PTI report: PVR Lanka at One Galle Face Mall is...

Shopping Malls: Decoding the art of design

When Select CITYWALK as a shopping centre was first envisioned, it was aimed to be a destination where people would come to have a holistic shopping experience. Our focus at Select CITYWALK was on five key areas namely brand...

IMAGES Retail Awards honour excellence in retail

The IMAGES Retail Awards (IRA 2019), which were held in Mumbai on August 26, 2019, celebrated some of India’s most outstanding achievements in retail.With no end in sight for the rise of online shopping, never has it been more...

PVR Q3 net profit at Rs 55.38 crore

Multiplex chain operator PVR Thursday reported a consolidated net profit of Rs 55.38 crore for the third quarter ended December 2018.According to a PTI report: The company had reported a net profit of Rs 29.16 crore for the October-December...
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