Olive Group to expand overseas footprint

Olive Group to expand overseas footprint

Even as  it marks the exit of Aditya Birla PE as one of its investors, restaurant chain Olive Group is  keen on expanding its footprint in India, while it plans to set up its first restaurant outside the country, in London next year.  

Aditya Birla PE had made an investment to the tune of  $10 million in 2013. While Olive Group is in the process of finalising its new investors, the company, which has witnessed 30% year-on-year growth, is also plans to set up more restaurants across the country, taking the the count to 12 in Bengaluru alone.  

A D Singh, Managing Director, said, "We are very excited about the opportunity in Bengaluru. All our brands have been well received here. The audience  loves going and experimenting, which is very encouranging." Olive Group operates over 30 restaurants of its several brands, including Olive Bar & Kitchen, SodaBottleOpenerwala, Fatty Bao, Toast & Tonic, and the newly launched Lady Baga, across the country.

Bengaluru will see some new brands like Guppy and Olive Cafe being launched, apart from more of fatty Bao and SodaBottleOpenerwala. "Each restaurant takes up an investment of about Rs 2 crore," he said.

"With GST and demonetisation, it was one of the hardest seasons the industry has seen in a long time. While the moves have been in good light, we are  looking for stability," said Singh.  

Moreover, with the city having witnessed irregularities with the ban on sale of alcohol near national highways, and early nightlife deadline, Singh expressed that along with the National Restaurant Association of India (NRAI),  the industry is working closely with the government to help regulate and revive the nightlife culture here.

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