Barista is up for sale yet again!
Advertisement
Amtek Group, which acquired Barista Coffee almost a year back, is now looking for potential buyers for the Italian coffee chain.
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.
(Image: Indiatimes)
Advertisement
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.
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.
Advertisement
Advertisement
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market