Barista to put Rs 100 Cr into 50 new outlets

In What’s Happening in Retail by Elargirindia0 Comments

Click Here for Original Source – Economic Times

NEW DELHI: Carnation Hospitality, the owner of Barista Coffee, plans to invest Rs 100 crore to open 50 outlets in 2017 and is also looking at starting outlets in the Maldives, the Middle East and Europe in the months ahead.

“We aim to be 500 stores in the next five years, primarily through a franchisee route,” said Sanjay Chhabra, Chairman of Rollatainers, the parent company of Carnation Hospitality.

Rollatainers, a part of the Amtek Group, acquired Barista from Italian coffee company Lavazza Spa in August 2014.

Barista has 190 stores across the nation and most of the new stores will open in smaller cities such as Chandigarh, Pune and Jalandhar.

Barista is the second-largest operator of coffee outlets in India, behind Café Coffee Day. The size of the organised café market is projected to grow to Rs 151 billion by 2020 from Rs 67 billion in 2014, according to a March 2015 report by Technopak Advisors Pvt.

New Delhi-based Rollatainers has signed up a franchisee partner in the Maldives, where it plans to open four stores in the next six months. It is in talks with potential partners in the Middle East. It already has outlets in Bangladesh, Nepal, Myanmar and Sri Lanka.

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