The Hindu Business Line : Spanish restaurant Eat Out ties up with Lite Bite

New Delhi, Dec. 19 The Eat Out Group, a part of Spanish company Agrolimen, has inked an agreement with Mr Amit Burman-promoted Lite Bite Foods to establish a chain of specialty restaurants in India. The venture will invest around Rs 50 crore to establish a network of restaurants across India.

Lite Bite Foods will separately invest nearly €35 million to set up a network of 200 restaurants across the country. Mr Amit Burman, Chairman, Dabur Foods Ltd, is a majority shareholder of Lite Bite.

Brands

The Eat Out group, with over 600 restaurants in Spain, owns brands such as FrescCo, Pans & Company, Bocatta, and Fresh & Ready. This venture would mark Eat Out’s entry into India.

Lite Bite is a recently-established venture specifically focussed on food and beverage services retailing sector, with formats ranging from quick service restaurants, casual dining, express outlets, to entire food-courts, with a brand portfolio of leading international and local concepts.

The joint venture will initially focus on launching the ‘FrescCo’ concept in India.

FrescCo is a restaurant chain with a distinct Mediterranean Europe presence and heritage.

More Stories on : Strategy | Alliances & Joint Ventures | Food & Cuisine

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