Mainland China and Oh! Calcutta operator Speciality Restaurants is in advanced talks for its first set of acquisitions, Anjan Chatterjee, chairman of Speciality said, adding that the listed company has set aside a corpus of Rs 125 crore for M&As this calendar year. On the other hand, Rebel Foods, owner of Faasos and Mandarin Oak, is preparing for an initial share sale early next year, the first cloud kitchen company to go public.
While the company added four new outlets under the Mainland China and Asia Kitchen by Mainland China brands in the last quarter, promoter Anjan Chatterjee emphasised that expanding fine dine chains rapidly without compromising quality was not possible and hence the need for acquisitions
Primarc, Speciality Restaurants and Munna Maharaj have collabed to create an upscale event space at a fraction of the cost, promising a game-changer for the city
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Anjan Chatterjee says: “We are very, very careful about holding the price line as much as possible. And we have not done that too much. Inflation has been a little wobbling. And at this point of time, as we are talking, I am sure there have been worries on the vegetables, on the poultry or also the meat.”