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Food services company, RKHS (formerly Radha Krishna Hospitality Services)has tied up with European company Select Service Partner (SSP) to enter the travel concessionaires business (setting up eateries at airports or railway stations) in India. Under this agreement, RKHS is launching Cafe Ritazza at Indian airports. SSP, which owns the Cafe Ritazza brand, has a presence at 120 airports across 23 countries.
Sunil Nayak, CEO, RKHS said that this was the company’s first foray into the travel concessionaires business and that over the next two-three years, it was expected to contribute upto eight per cent of the company’s total turnover. RKHS expects to end this financial year at Rs 300 crore and aims to become a Rs 1,000 crore company by 2010. Nayak said that the company was also looking at developing a local concept which would be more Indianised to suit the local needs. While it already has over 50 such food concepts like “Juices and more” and “Khatta Meetha” these are operated at the institutional level. RKHS recently entered the railway catering segment with its Rail Rasoi brand under which it would manage on- board food services on specific routes. Till 2006, SSP was owned by the Compass Group Plc, which is the joint venture partner of RKHS in its food and hospitality management services business. source | Daily Extras! Eclat Me | Success Tip of the Day| 1DailyDiversion| Eclat Web - Must Visit Websites! A Beautiful Pic Every Day! Word of the Day| Quotation of the Day| Make Money! Immigration News! Desire- WOW Stuff! Stock Mkt Updates |
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