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FINANCIAL NEWS
Landmark invests USD9.79m in expansion project, acquires cupcake specialist
05 Sep 2013
(MENAFN) Landmark Hospitality acquired a cupcake specialist for the Middle East and announced its investing plan in an expansion project worth USD 9.79 million, according to Khaleej Times.
The concept will start operating in five stores in the UAE with an intension of increasing its locations’ number in 14 different places in the UAE over the next year.
Candelite business head Manish Jeswani said: “The Candelite experience is dedicated to infusing fun into the lives of our customers and we believe that the integration of Candy Cakes into our brand adds a unique offering to our growing confectionery portfolio.”
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