Hotline: 1800 102 2007
Hotline: 1800 102 2007
Aug, 23 2019

Haldiram Bhujiawala buys The Coffee Bean & Tea Leaf India franchise from Everstone Capital

The Coffee Bean & Tea Leaf opened its first outlet in India in South Delhi’s Saket area in 2008.

Haldiram Bhujiawala buys The Coffee Bean & Tea Leaf India franchise from Everstone Capital

The Coffee Bean & Tea Leaf (CBTL) has been in talks to re-sell its global franchisees. Earlier, the US-based coffee chain was in discussions to sell its global assets to the Philippines' largest food service network operator, Jollibee Foods Corp.

Now, The Coffee Bean & Tea Leaf India franchise has been bought up by Haldiram Bhujiawala from private equity fund Everstone Capital for Rs 100 crore. 

Under this deal, the Kolkata-based company has also acquired the Gelato Italiano brand.

Manish Agarwal, Chief Executive, Haldiram Bhujiawala, said, “The company acquired a majority stake in Pan India Food Solutions, a holding company set up by Everstone Capital to house the coffee chain and ice cream parlour businesses. We have acquired a total of 89 outlets as part of this deal. We plan to expand the coffee chain and ice cream business.”

Pan India Food Solutions also owns brands like Spaghetti Kitchen and food courts Spoon and Foodtalk. Some of these brands are also part of the deal.

The Coffee Bean & Tea Leaf is a chain of coffee parlours. The brand has around 1,000 outlets in its home market of the US. It opened its first outlet in India in South Delhi’s Saket area in 2008.

Samir Kuckreja, Founder of hospitality consultancy Tasanaya Hospitality, stated, “Both the premium coffee and gelato segments are under-penetrated and have growth potential in India. Haldiram’s is a popular Indian QSR chain, so there will be broad synergies in terms of support functions and administrative operations. But it would be interesting to see how a pure-play gelato and a premium coffee brand will synergise with Haldiram's brand.” 

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Tea And Coffee Chain
    About Us: Started in Delhi’s Lajpat Nagar, ‘How You Brewing’ is..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi Delhi
  • Others Food Service
    ABOUT Us: Chicken Adda is best described as indescribable . Sometimes..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2015
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya Pradesh
  • Preschools
    About Us: Early childhood education or pre-schooling has emerged as a..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater pune Maharashtra
  • Car Wash / Ceramic Coating / Detailing
    About Us: Solitaire Ceramics was born to rewrite how car owners..
    Locations looking for expansion Delhi
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 20lac - 30lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities