Owners of Domino's in India Jubilant Foodworks forms subsidiary in Netherlands

Owners of Domino's Pizza and Dunkin' Donuts chains in India, Jubilant FoodWorks, on Tuesday announced that it has formed a wholly owned subsidiary in the Netherlands to explore business opportunities in the food service industry in the European country.

"Jubilant Foodworks Ltd has incorporated a wholly owned subsidiary company "Jubilant Foodworks Netherlands B.V." on February 15, 2021. (It has been) incorporated as a wholly owned subsidiary of the company for exploring business opportunities," said Jubilant in a regulatory filing.

However, it did not share more details about the new venture.

Jubilant also started Chinese cuisine restaurant Hong's Kitchen and biryani restaurant Ekdum! Biryani.

May Interest: Jubilant Foodworks to invest Rs 92 Crore in Barbeque Nation, acquire 10.76% Stake

In December 2020, it also acquired 10.76 per cent equity stake in Barbeque-Nation Hospitality Ltd for Rs 92 crore.

Jubilant FoodWorks reported a 21.71 per cent increase in consolidated profit at Rs 123.91 crore in the third quarter ended December 2020.