Kahala Franchising is the franchisor of Cold Stone Creamery -- the US-based ice cream parlor chain --and the agreement outlines plans for 40 stores in India and five in Sri Lanka by 2019, with the first slated to open at LuLu Mall, Kochi in November.
Shafeena Yusuff Ali-headed Tablez Food Company will invest around Rs 75-85 crore in five years in the Cold Stone Creamery business across India and Sri Lanka.
"As the premium American ice cream concept, Cold Stone Creamery promotes and encourages a fun and friendly experience through personalised Cold Stone Creations. This partnership is in line with the company's vision to introduce constant innovation and enthralling Food & Beverage concepts in the sub-continent," she said.
Tablez Food Company is focused on rolling out home-grown and franchised concepts exponentially in the GCC and the Indian sub-continent in the coming few years.
Shafeena said Tablez Food Company has aggressive expansion plans and has outlined its strategy to be a top tier Food and Beverage operator with sustainable market share in coming few years in the industry.
"We plan to open the first Cold Stone Creamery at LuLu Mall in Kochi in November this year, followed by a few stores in Bangalore and subsequently other cities in India and Sri Lanka over the coming years," she said.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
