M&A

M&A

Kolkata's What'sUp!Cafe acquires restaurant in Dallas

Business Line  

Kolkata-based café chain What'sUp!Cafe has acquired a 40-year-old restaurant, Café de France, in Dallas, Texas (US), at an estimated USD 2 million (about INR 16.5 crore). It plans to open five more outlets in the US over the next five years, entailing an investment of around USD 10 million. Café de France will be renamed Café de France by What's Up Café. The full-service restaurant-cum-café serves both French and American cuisine and can seat 150. What'sUp Ltd, a wholly owned subsidiary of What'sUp!, has been formed for the group's international business.