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Snowman Logistics takes Ikea India food contract
2017/10/18
October 17, 2017
Karnataka, India: Snowman Logistics has gained the contract from Ikea to manage backend operations of its in-store restaurants business in India, the Economic Times reports.
 
The value of the deal was not known. Ikea plans to open its first store in India, in Hyderabad, by March next year.
 
Globally, Ikea’s restaurant business accounts for 5.4% of the total revenue but in the Indian stores food sales are expected to be around 10%.
 
nt to contribute 10%.
 
“We have bagged this deal for all Ikea’s national in-store restaurants. It would be for the first time that Snowman will be providing services beyond logistics,” said Sunil Nair, chief executive, Snowman Logistics. “This deal would boost our revenue by FY19.”
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