The Tata Group will soon begin food retailing after the group''s entry into
processed foods with the acquisition of 70-per cent stake in Innovative Foods
from the Amalgam Group.
group may sell food products, including fruit and vegetables and baked food, through
a chain of retail stores.
Foods and Beverages, a subsidiary of the Tata Group''s hotel arm, Indian Hotels
Company, the vehicle for acquiring a stake in Innovative Foods last year has also
acquired 80-per cent equity in Kochi-based seafood exporter Amalgam Foods and
has already entered into an agreement with Jasper Aqua Exports, a Vizag-based
seafood company, which will manufacture products exclusively for the Tata company''s
K Krishnakumar, Indian Hotels'' vice-chairman, had said at the time of Innovative
stake acquisition: "The IFL acquisition and our agreement with Jasper outline
the company''s strategic intent for the processed foods business. We strongly believe
in leveraging our in-house expertise in the group with FMCG, F&B and retail
group''s planned foray into food retail may be in synergy with its TAJ SATS Air
Catering and hotel business
a joint venture between Indian Hotels and Singapore Airport Terminal Services,
a subsidiary of Singapore Airlines.
SATS Air Catering has a commanding 60 per cent share of the airline catering market