Lavazza to invest Rs 600 cr in Barista

Italy’s largest coffee company, Lavazza Group — the new owner of coffee chain Barista and Fresh and Honest Cafe — will invest € 100 million (about Rs 600 crore) in the next three years on expanding business in India. “Lavazza will invest € 100 million in the next three years to increase the presence of Barista and Fresh and Honest Cafe,” Barista Coffee Company CEO Partha Duttagupta said. He said as part of the expansion, Barista would have about 400 outlets across the country, up from the existing 156, in three years time. “Most of them will be company-owned and at present also 150 outlets are owned by us and only six are franchisees,” he added. Fresh and Honest Cafe will also be looking at increasing its footprint in the automatic coffee vending and retail coffee powder segments, he said.

Courtesy: EconomicTimes
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