The latest buzz in Bollywood is that Shilpa Shetty’s International food company is running in loss.
Shilpa along with her husband Raj Kundra announced a 33% stake in the food company in 2009. They invested around 6 million pounds and planned of starting casual dining and shopping mall in Dubai and Jordan. Shilpa’s entrepreneur expressed Shilpa’s intention of serving authentic gourmet meals, chutneys and pickles.
A source from London reveals, “The group that runs her take away and restaurant business was already rescued once after going through a financial crisis. When she invested a huge sum in the group, the prospects seemed brighter. For the past two years however, things haven’t looked so rosy. Apart from not-so-positive reviews from the press (Giles Coren is horrified at the changed menu at curry chain Bombay Bicycle Club after it was taken over by Bollywood celebrity Shilpa Shetty – www.thetimes.co.uk), the establishment has also had to deal with monetary issues like debts and loan approvals.”
News is that around 264 employees who work in their 17 stores are insecure about theirfuture.
Shilpa Shetty is currently in London, she explains, I exited the company in December 2010, so it does not affect me. I am working on something bigger and better.
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