IMPRESARIO ENTERTAINMENT & HOSPITALITY
Happy to socialise and with deep pockets: Consumers no longer line up their nights out for weekends
The highest spending of disposable income in India is on eating out and food, and restaurants and bars are the ultimate social hub, said Zorawar Kalra, founder and managing director of Massive Restaurants. “As per industry estimates, five years ago, Indians were eating out close to three times a month. Now it’s about eight times a month. Restaurants have realised that Indians love eating out and the younger lot wants to do it even more. They are okay with not buying a car, taking an Uber instead,” he said.
Impresario Hospitality plans to go public in 2-3 years: Riyaaz Amlani, Founder and MD
While India's quick service restaurant (QSR) segment has multiple listed firms, including Devyani International, Sapphire Foods and Burger King India, the casual dining restaurant (CDR) space has only a few. The last listing in this segment was of Barbeque Nation Hospitality in September 2021.
IndiaRF eyes a controlling stake in Punjab's Ivy Hospital
Ivy Hospital was founded by Dr Kanwaldeep Kaur and Gurtej Singh. The company operates four multi-speciality hospitals at Khanna, Amritsar, Mohali and Bathinda and its wholly-owned subsidiary, Ivy Healthcare Infrastructure, operates two multi-speciality hospitals in Nawanshahr and Hoshiarpur.
Impresario plans to clock over ₹1,000 cr in revenue in 3 years
Impresario has more than 60 outlets across 17 cities, with the Social and Smoke House Deli count standing at 35 and 11 outlets, respectively. "This year itself we're looking to add about 12 new outposts and enter Dehradun with both Social and Smoke House Deli," said Bhatt. "For Impresario as a whole, Social and Smoke House Deli, our two marquee brands, will be leading the charge in terms of business growth and geographic expansion." Bhatt was earlier the business head of Social.
SOCIAL, Smoke House Deli owner raises Rs 550 crore from Piramal and Bain-backed IndiaRF
The fresh capital will help fuel the further expansion of Impresario’s business, which also received an investment from L Catterton in 2017 and has since demonstrated resilient growth over the years despite facing challenges posed by the COVID-19 pandemic.
Eating out in plush restaurants may not pinch you more, just yet
Riyaaz Amlani, chief executive of Impresario Entertainment & Hospitality that runs restaurant brands including Social, Saltwater Cafe, Slink & Bardot and Smokehouse Deli, said he is not considering hiking prices at his restaurant brands and will wait it out for a month.
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Restaurateurs laud central govt's move to do away with 50% capacity cap in restaurants, hope states follow suit
“Every state would have their own restrictions depending on the cases and the ground situation. It’s a great move. Restaurants in many parts of the country can open up with full capacity where cases are not there,” said Anurag Katriar, president, National Restaurant Association of India (NRAI).
Hoteliers, restaurateurs expect washed out New Year's eve, drop in business following Maha's night curfew move
"It will just encourage more and more people to travel outside and celebrate, and that will impact the restaurant business during the day as well. After the worst year known to mankind, people were looking forward to heading out and celebrating. A lot of places had planned promotions and entertainment options. All that will now have to be called off," said Riyaaz Amlani, chief executive of Impresario Entertainment and Hospitality, which runs brands such as Social and Smokehouse Deli.
30% restaurants likely to open in Maharashtra from October 5
"Not many will open from October 5. Restaurants are still in the process of refurbishing, mobilizing staff. Those in malls are unlikely to open given the 7 pm restrictions. To operate at 33% capacity limit only for lunch may not make sense for people. We are told mall operators are in talks with the government to ease restrictions. If that happens, nothing like it," said Anurag Katriar, president National Restaurant Association of India.
Gautam Adani begins June on a positive note, introduces the youngest Covid survivor
The Adani boss shared a piece of good news on Twitter..
Covid-19 impact: At malls, the last to recover will be cinemas and eateries post lockdown
Since early February, malls and retail stores witnessed a huge dip in footfall with nearly 20-25% drop in revenue. While post lockdown, most companies will have to tweak their layout, seating arrangements among other things, business model of cinemas will take time to change.
Sleepless Mumbai is waking up slowly
The government of Maharashtra has approved the proposal of allowing malls, shops and restaurants to remain open 24/7 starting this week. Hotel and Restaurant Association of Western India president Dilip Datwani said the move should lead to an increase in employment besides giving a fillip to the tourism industry.
Food firms feast on binge watching
Streaming services driving sales in food delivery, ready-to-eat, packaged food segments. The surge is more evident for restaurants, with fine-dining and quick service outlets reporting faster growth in home delivery, which has resulted in aggregators Swiggy and Zomato also reporting swift growth.
Apps can’t set discounts: Restaurants
Zomato said only 65 restaurants have logged out from its platform, which is 1% of the restaurant partner base of its premium Gold service.
Indo-Pak clash likely to be high-scoring… for hospitality sector
We are expecting massive footfall anyway. The offers are just to add to all the excitement,” said Pramode Bhandari, area general manager at The Park Kolkata.
Impresario to expand food & beverages business
We will continue to innovate Social with new experiences while offering food and drinks at great price points,” said Riyaaz Amlani, CEO, Impresario Entertainment & Hospitality.
You may have to shell out more the next time you visit your favourite restaurant
While customs duty on olive, sesame and castor oils has gone up by 15%, the levy on miscellaneous food preparations is now 50% compared with 30% previously.
LVMH investment arm buys Smoke House Deli owner
Deal values Impresario Entertainment at about Rs 500 crore; owner Riyaaz Amlani to retain 20-25% shareholding in company
L Catterton buys majority stake in Social bar chain co
Acquired firm Impresario Entertainment & Hospitality operates casual dining brands, hangout bars like Smoke House Deli, Social
Rahul Singh takes over as new president of the National Restaurant Association of India
The appointment was made unanimously after Riyaaz Amlani, CEO & MD, Impresario Entertainment & Hospitality resigned from his duties due to health reasons, NRAI said.
From poker table to board room: Lessons learnt by Amit Burman, Riyaaz Amlaani
These names from the corporate world know how to shuffle and deal - be it in business or a game of cards.
Back to basics: The bar menu is getting a much-needed facelift
Building a bar menu, in fact, has come to be as significant as the main course.
L Catterton eyes takeover of Riyaaz Amlani's restaurant empire
The valuation being considered for the company is around Rs 600 crore and the fund is believed to be currently doing a due diligence of the businesses.
L Catterton looking to buy a controlling stake in on Riyaz Amlani's Impresario
The valuation being considered for the company is around Rs 600 crore and the fund is believed to be currently doing a due diligence of the businesses
Prince William & Kate Middleton to be served 'Kheema Pao', 'Baida Roti' on their visit to India
The British royal couple will make a stop at the Mumbai eatery Social.
Dineout partners with large restaurant chains in India
Dineout has announced its partnership with large restaurant chains in the country like JSM Group, Barbeque Nation, Lite Bite Foods along with Chili’s and TGI Fridays.
NRAI to organize tech-focused symposium for restaurateurs
National Restaurant Association of India (NRAI) will organize a technology-focused symposium - TechIt - for owners of restaurants and food service operations.
Here's why restaurateur Riyaaz Amlani doesn't like Shah Rukh Khan as a neighbour
Restaurateur Riyaaz Amlani still speaks to his 18-year-old self, is unable to create a long-term plan and would rather not have SRK as his neighbour.
Impresario to open 20 restaurants across the country by FY15
"We believe that next few years are going to be very dynamic for the industry and we are taking steps to be the part of this process," Riyaaz Amlani said.
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