Barista is up for sale yet again!

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Barista is up for sale yet again!Amtek Group, which acquired Barista Coffee almost a year back, is now looking for potential buyers for the Italian coffee chain.
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The auto component maker, Amtek, which is the fourth owner of Barista, has roped in Grant Thornton for the same.

Reportedly, Amtek Auto might liquidate about one-third in Carnation Hospitality as Arvind Dham had recently informed about the decision to offload non-core assets and exit non-auto businesses.

Amtek Group is debt laden and defaulted on repayment of Rs 800 crore.

It is not that Barista Coffee is making profits as 170-plus stores are loss making. However, in terms of stores, Barista outnumbers Cafe Coffee Day.

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(Image: Indiatimes)