Investments, M&As return to spice up food services space
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.
Source: indiatimes.com
