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WWD Ruby Sells 4.77% Stake in Sapphire Foods, Exits Company: India News

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Sapphire Foods India Ltd's ownership shifts as WWD Ruby sells its 4.77% stake to investors including Goldman Sachs, Nomura, and Societe Generale. The Indian restaurant chain is the largest franchisee of Yum! Brands in the region, with over 500 KFC, Pizza Hut, and Taco Bell outlets. Despite the pandemic, Sapphire Foods' omnichannel operation has experienced rapid growth, capitalizing on the growing popularity of takeaway, delivery, and dining out trends.

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