Business Standard - September 26, 2008
The food and bakeries section of the flagship food and grocery retail chain Spencer's, a part of the RPG enterprises, is looking at expanding its number of restaurants in exclusive tie ups with food chain outlets.
Within the next two to three months the retail player, in a tie up with eatery outlets, will expand in its food and bakery business.
Spencer's in partnership with Sankalp, specialising in Gujrati thali food, Rajdhani specialising in Indian authentic cuisine, Yo China, another fast food outlet specialising in Chinese cuisine and Singapore based Bread Talk will set up such a chain of outlets.
Sources close to the company said, that the outlets will follow a pattern like the one used in the recently opened eatery in Kolkata, under the brand name Orientum.
The outlets will be opened in Bangalore, Chandigarh and Baroda. All the outlets will be of a large sized format spread across an area of approximately 2500-5000 sq feet requiring an investment of Rs 1 crore by the partner, while the flooring, basic infrastructure and decoration is to be provided by Spencer's, as a part of the tie up.
The retail major is also in talks with McDonalds, Kentucky Fried Chicken (KFC) and Mainland China for opening such large format restaurants and as soon as the space required for setting up the outlet was selected, work would start.
With the expansion of the sub leased business, the company is eyeing a turnover of Rs 50 crore this year from the bakery and food services segment of Spencer's.
Food Courts which are a part of all Spencer's hyper outlets delivering a very high and good margin to its business, is expected to contribute about 35 per cent to the company's total turnover this year.
Spencer's currently has 160 shop in shop bakeries and food courts in the country.
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