Premium
Beverages and Food — official franchisee of Barista Lavazza — is
bringing a global coffee brand to Nepal.
The
international coffee chain's outlet Lavazza's first café will be opened in
Lazimpat, Kathmandu on Thursday, according to Premium Beverages and Food that
has Ravi Bhakta Shrestha as its chairman and Shyam Sundar Lal Kakshapati as
managing director.
Barista
Lavazza is a chain of espresso bars in India. Established in February 2000
under the name Barista, it was taken over by Lavazza in 2007, a world-famous
enterprise that continues to be Italy’s top-ranking coffee company.
Headquartered
in Okhla, Barista currently has espresso bars across India, Sri Lanka,
Bangladesh and the Middle East. It was established in February 2000 by Barista
Coffee Company Limited. A 34.3 per cent equity stake was sold to Tata Coffee in
2001.
C
Sivasankaran bought the remaining 65 per cent in Barista from the Amit
Judge-controlled Turner Morrison in 2004, and his Sterling Group also bought
out Tata Coffee's stake later. In 2007, the Sterling Group sold Barista to
Lavazza. Barista Lavazza is currently owned by Lavazza.
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