Restaurant Franchise Opportunities

Appointment Mar, 18 2014

Barista may buyout IHC

India’s oldest coffee chain may buyout its first CEO Ravi Deol’s company.

By Franchise India Bureau
Barista may buyout IHC

Ravi Deol, the first CEO of Barista in India, is in talks with the coffee chain to purchase his UK-based food services company Indian Hospitality Corp (IHC), stated a media report.

Deol was Barista's first chief executive when the Turner Morrison-founded company started the cafe culture in India in 2000, setting up 128 stores in India and three in Sri Lanka in his three-year term. The two sides seem to be stuck over the price though. Lavazza is looking to sell the 180 outlet chain for upwards of Rs 80 crore, but IHC considers that too steep.

According to media report, Deol said “IHC is constantly looking for consumer-led investment opportunities in India, but Barista may not be one of them.”

Related: Ravi Kapoor- Chef for Asian Games

Click Here to add Comment
Please add your Comment
Rating
NEWSLETTER SIGNUP

Submit your email address to receive the latest updates on news & host of opportunities.

Most

Video

Magazines & Books

Read the latest franchising magazines and books to get comprehensive and up-to-date information on leading franchise systems, trends and more.

BOS
Recommended For You
Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Restaurant India

Copyright © 2009 - 2016 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.