Eateries in Kuwait facing revenues ‘loss’
Kuwait Federation of Restaurants, Cafès and Catering Services Chairperson Fahd Al-Arbash said the revenues of the sector has decreased by 40 percent compared to its earnings in June when it incurred millions of losses, reports Al-Anba daily. In a statement to the daily, Al-Arbash revealed that the sector is facing certain challenges; foremost of which is the rising prices of raw materials used in operational processes like oil, butter, chicken, rice, cheese, chocolate and others.
He added there has been 100 percent increase in the prices of some items, prompting many restaurant owners to procure primary products on credit. He warned that lack of control over the prices will further increase the losses of restaurants.
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