Cookie Man, premium cookies maker from Australia, has opened its 26th store in the country in Kolkata. The outlet is the company’s first store in eastern India.
Addressing the media at the launch, SBP Pattabhi Rama Rao, president, Australian Foods, said, “This is our first venture in eastern India, and we are hopeful of doing better business here.”
Australian Foods Pvt. Ltd is a joint venture between Cookie Man of Australia, US-based private equity investor Paracor, and Rao’s family.
Announcing future plans, Rao said, “We have plans to set up 100-125 Cookie Man stores across the country over the next five years, at an estimated investment of Rs 15-20 crore.”
According to Rao, the company already has over 100 stores booked in malls in various stages of construction. “Right now, we sell about 500-600 tonnes, which we plan to scale up to 2,000-2,500 tonnes in the next three-four years,” he said.