Ravi Jaipuria-owned Devyani International has inked a 60:40 JV with GMR to set up multiple food retail outlets at the Delhi International Airport. The details of the JV are still being worked out.
The 250 crore rupees DIL, which is the Indian franchisee of global food retail chains Pizza Hut, KFC and coffee chain Costa Coffee, is also venturing into the restaurant retail chain space under its own brands.
It is setting up a nationwide chain of restaurants under three different brands — Southern Spirit, Curry Republic and Oriental Cuisine. Raj Gandhi-RJ Corp president, group CFO said, “The portfolio expansion from serving international cuisine to local food is aimed at broad-basing our business”.
Apart from food retail, the two thousand crore rupees’ RJ Corp, which is also PepsiCo’s biggest bottler, has business interests in Walt Disney group company Disney Artist, liquor, real estate, hotels and education.
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