Carnation hospitality to invest rs 250 cr in 5 yrs

1. Carnation Hospitality to
Invest Rs 250 cr in 5 Yrs
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2. Contd..
Carnation Hospitality Rs 250 crore over the next will invest five years to
expand its bouquet of food and beverage (F&B) brands, said a top
company executive. The company recently acquired rights to operate
certain F&B outlets at metro stations in Delhi. “This space is interesting
as it generates huge footfalls for the brands,“ said Sanjay Chhabra,
managing director of Carnation Hospitality, which is the wholly-owned
subsidiary of consumer packaging company Rollatainers. Chhabra
added that the company has al so won bids to operate F&B outlets at
railway stations such as Haridwar, Panipat and Mumbai Central among
others.
“The investment will be funded through internal ac cruals and funds
from the promo ters,“ said Chhabra. Brought to you by
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3. Contd..
Rollatainers entered the food business early last year through its subsidiary
Carnation Hos pitality. Carnation has since acquired businesses such as Ba
existing F&B businesses such as Ba Rs 100 crore from Lavazza, berista for
coming the fourth owner of the coffee chain. The company is currently
revamping the Barista brand and outlets across the country . “We are
refurbishing the stores to make them up to date and modern,“ he said,
adding that the company plans to reach 550 outlets in the next three years
from the current 190.
Carnation also has homegrown brands like Kylin, a chain of casual dining
restaurants and Mapple foods business, a food supplier to corporates, which
have existed for over a decade. Chhabra said the company plans to grow to
over 100 outlets of Kylin in the next five years, from the current eight outlets.
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4. Contd..
Carnation recently opened the first outlet of Wendy's, the third largest
burger chain in the world, in India. Wendy's franchisee, Sierra Nevada
Restaurants, is a joint venture between International Market
Management of England and Rollatainers, which opened the first outlet
in Gurgaon in May. Chhabra said the company plans to open 150
outlets of Wendy's in the country over the next five years.“We are
targeting the malls and high streets and in the first phase we are
expanding in Delhi by this fiscal year and then moving to markets like
Mumbai, Bengaluru and Hyderabad.“ Carnation will also open the first
outlet of Jamie's Italian, the Italian restaurant brand owned by celebrity
chef Jamie Oliver, in October in Delhi. Brought to you by
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