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Tablez Food investing INR 400 crore in India for three brands


By October ’15, Bloombury’s, Galito’s and Cold Stone Creamery will open in Bengaluru, Chennai & New Delhi.

Following her father’s footsteps, Shafeena Yusuffali, the daughter of NRI billionaire M A Yusuffali, is planning to invest in India in a big way.

According to sources, she is planning to invest INR 400 crore in the food and beverages (F&B) sector of India and Sri Lanka through her Tablez Food Company (TFC) in a phased manner. TFC will be launching three brands, Bloombury’s cafe and bakery, Galito’s grilled chicken and Cold Stone ice creams, nationwide on August 20.

By October, the company will be setting up its restaurants and ice cream shops in Bangalore, Chennai and New Delhi. In Kerala, the brands will be available at Lulu Mall, owned by Yusuffali’s Lulu Group. Within the next ten years, TFC will be acquiring more brands for the markets in India and Sri Lanka.

Shafeena had set up TFC in 2010 in Abu Dhabi after her higher education in the UK. While Bloomsbury’s is an in-house brand of TFC, the other two are franchised brands.

Image: Elizabeth Davies

Image: Elizabeth Davies

In 2014, TFC had won exclusive rights to sell South African flame-grilled chicken brand Galito’s in the Middle East, India and Sri Lanka. The company had then announced its plans to spend USD 10 million to set up 10 outlets in India alone, over a period of five years.

Similarly, Cold Stone Creamery is a franchised brand from the US. TFC has signed an agreement with Arizona-based Kahala Brands, the parent company of Cold Stone Creamery, a few days ago to open 40 shops in India and five in Sri Lanka in the next five years. TFC will be investing between USD 11-13 million for the brand.

TFC’s other brands in the Middle East include Peppermill and Calicut Notebook.

Source: Times of India

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