US' Snowberry to Start India biz with $50 mn
SnowBerry USA (SUI), an American ice-cream retailer, said it will invest $50 million (nearly Rs 250 crore) by 2010 to start its business in India. The company is entering India through franchise route. The Indian franchisee will be known as Snowberry India Private Limited (SIP).
Snowberry will have 50 outlets in Delhi and NCR by the end of March 2009. "India is one of the key markets for Snowberry in its global expansion agenda," said Robert F Barker, president, Snowberry USA. The company has its presence in Korea and plans to enter China next year through franchise deal...
Read more at http://www.business-standard.com/india/news/us-snowberry-to-start-india-biz50-mn/01/06/343213
Link acquired from IFA Newsbrief
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