Can 'ghost kitchens' help save South Africa's restaurants? [CNN]
Chipotle Mexican Grill, Inc. (CMG)
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Source: CNN
How ghost kitchens are coming alive in South Africa (CNN) Restauranteur Piers Proctor-Irwin has spent the majority of the past year surrounded by empty chairs and tables. Situated in a suburb on the outskirts of Johannesburg, South Africa, his restaurant The Local Kitchen Co. shuttered after the South African government announced a nationwide lockdown last March "Business essentially dropped by 75% overnight," he says. Restaurants around the world have faced an unappetizing reality in response to the Covid-19 pandemic, as shutdowns and indoor dining restrictions have ground the industry to a halt. In South Africa alone, more than half of restaurants have closed for good since the pandemic began, says Wendy Williams, CEO of South Africa's Restaurant Association. With indoor dining restrictions, delivery quickly became the solitary means for most restaurants to stay afloat. For Proctor-Irwin, survival meant going beyond traditional delivery routes and turning to a trend that ac
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CMG
Earnings
- 2/6/24 - Beat
CMG
Sec Filings
- 4/8/24 - Form PRE
- 3/22/24 - Form 4
- 3/20/24 - Form 144
- CMG's page on the SEC website