Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 30 2018

Italian frozen dessert company to pick up stake in West Bengal's homegrown ice-cream maker

Milkberry is present in the eastern and north eastern states, with over 40 variants and flavours.

An Italian frozen dessert company will pick up 40% stake in West Bengal's homegrown frozen dessert brand, Milkberry from the stable of Rainbow Dairy Food Product.

Siddhartha Sankar Ghosh, Managing Partner, Rainbow Dairy Food Product, said, "We are in advanced talks with two Italian frozen dessert companies for technical and financial joint venture and we'll seal a deal with one of them in a month's time. Though the deal is not yet sealed, but we'll divest 40 per cent stake in the company having its product brand name Milkberry."

The agreement is advised by an Italian consulting company 'Bizdev' and a memorandum of understanding (MoU) has been signed with it.

Jean-Claude Morel, Founder and Managing Partner, Bizdev, Italy, said "Italian companies are very impressed and excited over the positive developments taking place in West Bengal recently. I personally attended Bengal chief minister's business meetings in Milan as part of the Italian business team and our interest in this part of India grew manifold. We are very excited about the establishment of association with Milkberry."

Milkberry is present in the eastern and north-eastern states, with over 40 variants and flavours. 

"We are now aiming at a high growth rate of 100 per cent with new flavours with Italian tie-up. The new products will be co-branded," Ghosh said.

Comment
image
Related opportunities
  • Others Food Service
    About Us: Tempteys is India's first dedicated Cold beverage cafe serving..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: Wicked China is a place that serves up Chinese..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    The company was incorporated in 2017 and is successfully since..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Bakery & Confectionary
    About Us: Millie's Cookies is an international chain of small format retail..
    Locations looking for expansion Delhi
    Establishment year 1985
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities