Aditya Birla PE to sell its stake in Olive Bar

“Scaling up remains a challenge for restaurant brands given the high rentals in the metro cities. Also, competition in the space is very high with new restaurants and new formats coming up frequently. Hence brands find it very difficult to build a loyal customer base that can provide repeat business.”

Dhanraj Bhagat
Partner, Grant Thornton India LLP

This article appeared in Live Mint on 13th September, 2016.