NEW DELHI/BENGALURU: 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 during the lockdown period, most of these determined retailers, which operate over 100 brands among them — including Levi’s, Bata, Tommy Hilfiger,
Calvin Klein
and Madura Garments — have demanded a full waiver.
They also want further restructurin