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Showing posts from November 5, 2008

NEWS| The Future is Blue.

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Future Group and its private equity arm Indivision India Partners have picked up a controlling 50% plus equity stake in the multi-cuisine lifestyle restaurants chain, Blue Foods through a structured transaction deal.

The new promoters have merged Pan Foods Solutions — a JV between Pantaloon Retail and Blue Foods — with Blue Foods. The deal was concluded a week ago, sources told ET.

Indivision is an arm of Future Capital Holdings (FCH). Blue Foods's flagship brands include Copper Chimney, Bombay Blue, Noodle Bar, Gelato Italiano, Spaghetti Kitchen, Cream Centre and a franchisee agreement with the California-based coffee chain, Coffee Beans & Tea Leaf.

When contacted, Kishore Biyani, CEO of Future Group, said: “We cannot disclose the financial details of the deal. This deal essentially means that we are looking at a larger play in…