DHAKA: Fresh-baked cookie chain Cookie Man has launched its first outlet in Dhaka, Bangladesh. The store will stock the entire range of Cookie Man`s products available in India including cookies, muffins, donuts and brownies, and has received a very encouraging response from customers in Dhaka, the company claimed in a statement.

Cookie Man began operations in India with its first fresh-baked, premium cookie store in Spencer Plaza, Chennai. The Cookie Man brand entered India in 2000, S.B.P. Pattabhi Rama Rao and his family members, who brought the company in, acquired the brand rights for India and the subcontinent along with Paracor Capital Advisors.

The brand has grown 15-18%, year on year, over the last three years and is currently available in 60 stores across 24 cities in India. The company expects to grow at 20% over the next three years, a company statement said. About 20% of Cookie Man`s total sales come from airport kiosks and this segment has witnessed a 14% growth over the last year. In addition to cookies, the Cookie Man range includes puffs, brownies, donuts and muffins.

"We expect to reach sales of Rs 5 lakh per month, and plan to expand our presence to other locations, including Sri Lanka," said Anupam Saluja, CEO, Australian Foods India, which runs Cookie Man in India. Australian Foods is an Indo-Australian joint venture and works on a franchise model and more than half its stores in India are franchised.

Source: TOI
BDST: 1012 HRS, AUG 28, 2013
RS/BSK