Health and wellness group Henry Ford Health
Systems (HFHS) is inking a franchise partnership with Chandigarh-based
hospitality and food services firm KWalls Hospitality , as the $5-billion
American entity looks to gain a foothold in the high-potential wellness food
space in India.
Under the partnership deal, KWalls will set
up stores branded 'Culinary Wellness' in the country, starting with the
northern region. The company typically sells sandwiches, burgers, juices and
shakes, and even Indian snacks. "India is the first country outside of the
US where we are venturing into. We see this as a high-potential market which
offers access to expertise and potential to scale up our intellectual
property," HFHS vice-president Mark Coticchia said.
Coticchia said the venture was
differentiated from the quick-service restaurant (QSR) space. "We are not
a fast-food chain. The focus is predominantly on scientific nutrition, health
and wellness and preventive healthcare," he said.
Growth in the Rs 6,000-crore eating out space has slowed down to low single digits over the past two years as consumers cut down on discretionary spends, and face intense competition from app-based home-delivery providers and hyper local start-ups.
Growth in the Rs 6,000-crore eating out space has slowed down to low single digits over the past two years as consumers cut down on discretionary spends, and face intense competition from app-based home-delivery providers and hyper local start-ups.
In the US, Detroit-based HFHS operates
stores only within the premises of medical centres and hospitals. However in
India, HFHS will set up its business under three verticals clubbed under the
Culinary Wellness brand. KWalls Hospitality managing director Sameer Lamba said
these will include Culinary Wellness stores, food courts, tie ups with
corporates and subsequently, subscription and app-based home delivery services.
KWalls Hospitality operates close to 25
food courts across Delhi-NCR, Punjab, UP and Hyderabad .
No comments:
Post a Comment