Riga Food acquires 20% stake in Italian fine-dining company Alicette

This acquisition is in line with Riga’s international expansion plans.
  • Franchise India Team Editor
Restaurant India

Riga Food SRL, an Indian restaurant company owned by celebrity Chef Ritu Dalmia and industrialist Analjit Singh, has acquired a 20% stake in Alicette SRL, a Milan-based fine-dining restaurant company, for an undisclosed amount. This acquisition is in line with Riga’s international expansion plans.

Alicette is owned by Michelin-starred chef Viviana Varese.

Dalmia said, “This partnership is a natural fit as we both share the same passion and values. I am confident that this association will help expand and strengthen our presence in Italy and all over Europe to bring the best of Indian and Italian food to our patrons.”

Riga is already having a presence in Italy with the introduction of its Indian-Italian restaurant Cittamani in 2017. Later this year, the company is slated to launch another restaurant in Milan, called Spica.

Set up by Dalmia and her partner in 2000, Riga Food currently runs restaurants in Delhi and Goa. The company is also running a catering service under its brand name Diva.

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