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Oct, 24 2013

Mukesh Ambani forays into Food Biz

Reliance Industries to partner with UK based company.

Mukesh Ambani- Reliance Industries plans to open a chicken restaurant chain in India in partnership with a UK-based company. The restaurant chain would be called as 'Chicken came First' will directly compete with KFC the world's most popular chicken restaurant chain.

RIL has picked up a 45% equity stake in Two Sisters Foods India (TSFI), which belongs to 2 Sisters Food Group (2SFG). 2SFG, the third largest food company in UK, supplies poultry, red meat, fish, and bakery and chilled/frozen products to the retail, food service and food manufacturing sectors.

Two Sisters Foods India (TSFI), in which RIL has taken a 45% stake, will supply chilled and frozen foods at its food & grocery outlets. It will later tap the Rs 7,000 crore food services market by setting up its 'Chicken came First' restaurants, which plans to customise its menu to cater to Indian taste buds.
 

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