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Tourism and hotel sector stocks: Time for a correction in business? Are analysts getting it wrong? 15 stocks from the ecosystemThe Indian hotel and tourism ecosystem has benefitted from the post-Covid travel urge. Occupancies were high, room rates firm, supply is, i...- Homegrown private equity firm ChrysCapital scoops up bakery chain Theobroma in ₹2,410-crore dealChrysCapital is set to acquire a 90% stake in Theobroma Foods for ₹2,410 crore, purchasing from promoters and ICICI Venture, who invested i...
- Travel Food Services IPO opens for subscription; GMP stays mild. Should you subscribe?Travel Food Services, India's leading airport QSR and lounge operator, launched its Rs 2,000-crore IPO, an offer for sale by existing promo...
- Finally, deals back on the menu for QSRs, cafe chainsIndia's QSR and cafe industry is experiencing a resurgence in deal activity, fueled by recovering demand and evolving consumer preferences....
- Yum! Brands appoint Manish Jain as leader of digital and technology India GCCYum! Brands has appointed Manish Jain as the leader of its digital and technology (D&T) India global capability centre (GCC). Jain will spe...
- Travel Food Services files draft papers with Sebi for Rs 2,000-cr IPOTravel Food Services, operating a travel quick-service restaurant and a lounge business across airports in India and Malaysia, has filed dr...
- KFC Malaysia temporarily shutters outlets citing challenging economyMalaysia, a majority-Muslim country, is a staunch supporter of the Palestinians, and some Western fast-food brands in the country, as in so...
- KFC to offer Chizza in US. What is it? Check date, ingredientsKFC is coming up with Chizza in the US for a limited edition next week. Chizza initially appeared on their menus in the Philippines back in...
- Sapphire Foods raises Rs 1,150 cr from PEs to fund expansionSapphire Foods operates 437 restaurants under the KFC, Pizza Hut and Taco Bell brands in India, Sri Lanka and the Maldives as of March 2021.
- Food aggregators aren’t restaurants’ enemies: Merrill Pereyra, MD Pizza Hut IndiaMerrill Pereyra, who has come from global franchise chain QSR Brands in Malaysia, is the first outsider head of Pizza Hut India. All his pr...
- Domino’s may part ways with Coca-Cola in India, rope in PepsiDomino’s is in talks with beverage makers such as PepsiCo as part of a move that is aimed at cost savings.
- TYGR is on the prowl in BengaluruThe company currently runs a fleet of around 200 bikes and 3,500 cabs in Kolkata. The company will be launching its consumer services in th...
- Ravi Jaipuria promoted RJ Corp ties up with TWG Tea to set up tea loungesRJ Corp has an existing agreement with British cafe chain Costa Coffee. The average cost of setting up an outlet would be Rs 10 crore, Jaip...
- Yum! Brands to split operations between Devyani International, Samara CapitalThe exiting franchisees include Dubai-based Dodsal group, KFC Holdings Malaysia, Punjab-based ANPPL and a smaller one in Kerala.
- Yum! Restaurants in talks with Samara Capital to sell KFC business in West IndiaYum! Restaurants India is in talks with private equity firm Samara Capital Partners to sell the company-owned KFC restaurant chain business...
- Yum! Restaurants puts KFC business on the block in Western IndiaSlowing discretionary spends have been impacting same-store sales growth and profitability of restaurant chains despite low prices and valu...
- Saravana Bhavan plans foray into hospitality sector after it strengthens international presence furtherSaravana Bhavan, which has more restaurants overseas than in India, is now mulling a foray into the hospitality sector.
- Malaysia-based PE firm Navis Capital to sell Nirula's stake to A2Z ExcursionsMalaysia-based PE firm Navis Capital Partners is selling all assets in Nirula's to A2Z Excursions run by entrepreneur Pradeep Chadha.
- Travelog!Virgin Galactic, a space travel company launched in India on October 16 with the promise of space tourism by 2008.
- East Asian trip leaves Andhra MLAs mesmerisedFor a group of 61 legislators from Andhra Pradesh, who had a glimpse of fast-track reforms during their recent visit to five east Asian cou...
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