Yellow Tie hospitality acquires casual dining brand Bombay Blue
Yellow Tie hospitality acquires casual dining brand Bombay Blue

Yellow Tie Hospitality, food and beverage franchise management company, has acquired casual dining brand Bombay Blue in an all-cash deal from Everstone Equity-owned Blue Foods.

Yellow Tie Hospitality is operating more than 10 brands under exclusive licensing agreements for Genuine Broaster Chicken, UK’s Wrapchic and Just Falafel from Dubai. Everstone runs over 130 outlets under the brands Spaghetti Kitchen, Copper Chimney, The Coffee Bean & Tea Leaf and Gelato Italiano. 

Karan Tanna, Founder and CEO, Yellow Tie Hospitality, said, "We have acquired Bombay Blue because of its intellectual property, standard operating procedures, great brand recall and brand image, and a good presence almost across India."

"We will focus on tier-two and tier-three cities and hope to be operating 100 outlets of Bombay Blue by 2025 on a per-store investment of Rs 1.5 crore on backend infrastructure. Smaller markets are more profitable and scalable, with easier real estate costs; these markets will be our core focus areas," he added. 

 
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