- February 16, 2021 / 6 min readIn December 2020, it also acquired 10.76 per cent equity stake in Barbeque-Nation Hospitality Ltd for Rs 92 crore.
Owners of Domino's Pizza and Dunkin' Donuts chains in India, Jubilant FoodWorks, on Tuesday announced that it has formed a wholly owned subsidiary in the Netherlands to explore business opportunities in the food service industry in the European country.
Also Read: “Jubilant FoodWorks now among top 100 companies by Market cap”, tweets Pratik Pota
"Jubilant Foodworks Ltd has incorporated a wholly owned subsidiary company "Jubilant Foodworks Netherlands B.V." on February 15, 2021. (It has been) incorporated as a wholly owned subsidiary of the company for exploring business opportunities," said Jubilant in a regulatory filing.
However, it did not share more details about the new venture.
Jubilant also started Chinese cuisine restaurant Hong's Kitchen and biryani restaurant Ekdum! Biryani.
In December 2020, it also acquired 10.76 per cent equity stake in Barbeque-Nation Hospitality Ltd for Rs 92 crore.
Jubilant FoodWorks reported a 21.71 per cent increase in consolidated profit at Rs 123.91 crore in the third quarter ended December 2020.
Search for top Restaurant Suppliers in your city