Wednesday, March 07, 2007

Café Coffee Day likely to become a separate identity

Cafe Coffee Day is the most popular cafe brand currently and with its current growth pace, it looks like it will be ready to compete with global cafe chains, in terms of quantity if not quality. Amalgamated Bean Coffee announced that it was planning to spin off its café division, Café Coffee Day, to become a separate entity altogether. According to reports, the company is being segregated to set it up from becoming a listed company in three years time, by when it is expected to reach more than Rs 800 crore.

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