Future Group's Galaxy bets big on food courts.

The Future Group-owned company is betting big on its food courts at a time when footfalls at retail outlets are dropping, forcing mall developers to pay greater attention to eateries.

The BSE-listed entity, which was acquired by Kishore Biyani-led Future Group from the promoters of Haldia Petrochemicals in 2005, runs sports bars and gaming zones under two brands - The Sports Bar and The Sports Bar Express - across popular malls in the country.

Galaxy plans to open 22-24 food-courts this fiscal at an investment of Rs.10 crore, said Sunil Biyani, Director. It currently runs 11 food courts, and has tie-ups with various malls to operate and manage food outlets through a minimum-guarantee-plus-revenue-sharing model.

Mumbai-based real-estate firm Phoenix Mills holds a 34 percent stake in Galaxy.

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