Lite Bite Foods Acquires Six Leading Restaurants from Bellona Hospitality
The acquired brands will be instrumental in further elevating the brand’s positioning as one of the leading players in the F&B fraternity and further deepen its footprint across the country.
LITE BITE Foods (LBF) recently announced the acquisition of six leading and running restaurants from Bellona Hospitality, the Food & Beverage arm of Phoenix Mills Group. The acquisition includes four known brands and six outlets that span across Mumbai, Pune and Bangalore. The restaurants are, Shizusan Mumbai, Shizusan Pune, Shizusan Bangalore, 212 All Day Mumbai (Phoenix Marketcity Mumbai), 212 All Good (High Street Phoenix Mumbai) and Bar Bar Bangalore.
The new additions place LBF on an accelerated growth path and aim to further diversify its portfolio that boasts some of the most successful F&B brands such as Punjab Grill, Street Foods by Punjab Grill, Tres, Zambar, YouMee etc. The acquired brands will be instrumental in further elevating the brand’s positioning as one of the leading players in the F&B fraternity and further deepen its footprint across the country.
Commenting on the launch, Rohit Aggarwal, Director, Lite Bite Foods Group, “Lite Bite Foods is constantly seeking new avenues and channels to grow and the new acquisitions further strengthen this vision. We are excited to begin the year on such a positive note. The acquisition is in line with our growth plans for 2019 and further diversifies our existing exemplary portfolio with a wide range of F&B offerings across the country. Phoenix Mills over the years has done a great job in establishing these restaurants and we are gearing up to further scale-up the operations of these acquired brands. The acquisition has not only given us great brands but also the opportunity to follow a more effective multi-pronged growth strategy that allows us to achieve deeper market and enhances both revenues as well as brand value.”
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