Hotline: 1800 102 2007
X
Search Business Opportunities
growth 2015-08-04

Viiking Ventures acquires Goa Kings beer for Rs 90 crore

The group is also targeting to acquire a vineyard in France or Italy with an investment of $20-40 million.

By edit@franchiseindia.net
Viiking Ventures acquires Goa Kings beer for Rs 90 crore

Viiking Ventures, part of actor-producer Sachiin Joshi's JMJ Group, has acquired Goa-based beer brand Kings Beer from Impala Distillery and Brewery for Rs 90 crore, reported ET.

“While the brand had domination in Goa, it was selling for itself due to various distributions and marketing issues. So, we decided to acquire the 22-year old boutique brand and make it a mass scale brand,” shared Joshi.

According to the news the brand will be owned by the company while its production will be done by Impala.

Post the acquisition, the brand has also been launched in Mumbai.

"We are creating our own brand and will get it produced by the existing manufacturing outlets in the market rather than manufacturing it ourselves," added Joshi.

The group is also targeting to acquire a vineyard in France or Italy with an investment of $20-40 million.

Viiking Ventures, founded in 2012, has presence in sectors like FMCG, hospitality, entertainment, realty, infrastructure, paper products and philanthropic activities.

The group, has launched Wyndham Hotel Group-owned Planet Hollywood hotel in India last year, the second in the world after Planet Hollywood in Las Vegas.

Comment
Related opportunities
  • Quick Service Restaurants
    Greetings from USPFC!! USPFC has come a long way from its..
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2014
    Investment size Rs. 5lac - 10lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Quick Service Restaurants
    About Us: We are presenting "Jiaa Cool" as one of the..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jogeshwari west Maharashtra
  • Pizzeria
    Start your own pizza joint by becoming a Go69 Franchisee:..
    Locations looking for expansion Uttar Pardesh
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Lucknow Uttar Pardesh
  • Others Food Service
    About Us: Juice Fresco is a leading chain of Specialty juice..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts