Paris cafés and restaurants see profits tumble as strikes enter third week - News Summed Up

Paris cafés and restaurants see profits tumble as strikes enter third week


With no end to the strike in sight, Paris restaurants are at the forefront of businesses facing another bleak Christmas, a year after violent "yellow vest" demonstrations in the capital drove away locals and tourists alike. READ ALSO Strikes leave Paris shopkeepers fearing another Christmas slumpDecember is usually peak time for shops and restaurants in Paris. "Chain restaurants have bigger profits and can hold out for a month or two, but not independents." Franck Delvau, co-president of the UMIH, confirmed that many Paris restaurants had reported revenue drops of 50 to 60 percent from a year earlier - when sales were already suffering from the "yellow vest" disruptions. The Procos retailers' federation said that revenues at Paris businesses overall were down 25 to 30 percent last week because of the strike.


Source: The Local December 19, 2019 15:22 UTC



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