City-based digital marketing startup MintM, which builds an interactive ‘Engagement Bot’, a cloud-based smart digital signage solution, has partnered with Treebo Hotels, a budget hotel chain startup. The technology will...
McDonald’s drops plan to sell shares in Japan unit
McDonald’s Corp (MCD.N) has put on hold plans to sell shares in its Japan unit, which recently returned to profit for the first time in three years after a series of food scandals shook consumer confidence in the...
Carlson inks pact with Mustaq Group to open 7 hotels in J&K
Carlson Rezidor has partnered with Mushtaq Group to open seven hotels, under Radisson Blu and Country Inn brands, to cater to high-end tourist flow into Jammu and Kashmir. “We will have six Radisson brand hotels...
Burger King and Tim Hortons owner nears deal to buy Popeyes – sources
Restaurant Brands International Inc, owner of the Burger King and Tim Hortons fast-food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen Inc, people familiar with the matter said on Monday. The deal, which...
China’s Louvre Hotels Group eyes more acquisitions in India post Sarovar deal
China’s Louvre Hotels Group, which acquired a majority stake in Sarovar Hotels for around $50 million, is looking at more acquisitions in India in the mid-market space and is in talks with several hotel chains...
Burger King and Tim Hortons owner in bid to buy Popeyes – sources
Restaurant Brands International Inc (QSR.TO), owner of the Burger King and Tim Hortons fast-food chains, has approached Popeyes Louisiana Kitchen Inc (PLKI.O) about a possible acquisition, people familiar with the...
Federal Bank acquires 3-star ‘The Pepper Vine’ hotel
Private lender, Federal BankBSE -0.42 % has taken possession of a 3-star hotel named ‘The Pepper Vine’ at Thekkady owned by Daphne Hotels & Tourism. The bank acquired the loan after the hotel defaulted...
MHRIL buys additional 6.33 per cent stake in Holiday Club Resorts Oy
Mahindra Group firm Mahindra Holidays & Resorts India (MHRIL) has increased its stake in Finland-based Holiday Club Resorts Oy by buying additional 6.33 per cent shares at a consideration of Euro 4.37 million...
McDonald’s sells most of China, HK business to CITIC, Carlyle for $2.1 billion
McDonald’s Corp (MCD.N) has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd (0267.HK) and Carlyle Group LP (CG.O) for up to $2.1 billion, seeking to expand...
Treebo Hotels in talks with VC funds to raise $25 million
Treebo Hotels, a budget hotel room booking platform, has begun talks with venture capital funds to raise around $25 million (around Rs170 crore), two people aware of the development said. Treebo raised $17 million in...
Banan looks set to buy back Sagar Ratna at a big discount
Restaurant chain Sagar Ratna’s original promoter Jayaram Banan is set to buy back the 90-store chain at a 35-40% discount to the price at which he had sold it to India Equity Partners (IEP) Fund Advisors. The private...
Burger King’s So-So Tim Hortons Deal
Burgers and coffee: It’s not the worst thing in the world, but it probably wouldn’t be your first choice for a meal either, right? That’s how I feel about the merger between Burger King and Tim...
