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Goa’s Famous Tito’s Has Been Sold Declares Its Owner Ricardo De Souza
Friday - Jul 2, 2021
Goa’s Famous Tito’s Has Been Sold Declares Its Owner Ricardo De Souza
Panjim: Two days after making an announcement via a social media post that he had sold Club Tito’s and their entire business in Goa, its co-owner and group director Ricardo D’Souza said on Wednesday that only the Goan operations had been sold and the Tito’s brand would continue. “This was a distress sale. It would be silly to shut Tito’s as a brand. It has a long and rich legacy,” Ricardo said. He said Club Tito’s—one of the most popular party destinations in the country and an iconic hospitality brand of the state—and Café Mambos would reopen as soon as the pandemic permitted.
 
Ricardo said the family-run group will continue to hold the Tito’s brand and would diversify into alcohol and confectionery market. “We will take Tito’s pan-India and globally,” he said. “I wanted to keep my hands free. There is harassment from police, officials, TCP (town and country planning) and the collector’s office. The staff were being threatened with arrests,” he reiterated.
 
Ricardo and his brother David were running Club Tito’s, Bollywood Discotheque, and Café Mambo—all part of the Tito’s brand—and were also the directors of Tito’s Resorts and Entertainment Ltd, along with their mother Lucille D’Souza.
 
Ricardo said they were exploring production of chocolate in Gujarat, while alcohol would be manufactured and bottled in Goa and Madhya Pradesh. “It will all be under Tito’s Goa brand,” he said.
The group already sells Goa’s heritage drink feni under this brand. He also said they have plans to set up shop in Dubai, the UK and Africa, and were exploring the franchise business model for the rest of India.
 
Ricardo dodged queries over who would be the new owners. “The owner doesn’t want to be identified as of now. I can assure everyone that it is not a Punjabi businessman,” he said. He also clarified that none of the employees would lose their jobs as the new management had assured to retain the workers once operations resume.
 
Established by Tito Henry de Souza in 1971, Tito’s Goa was a popular spot for hippies and world travellers looking to escape the chaos of the world. As international tourists flocked to Goa in search of Tito’s, domestic tourists followed, firmly planting Tito’s Goa as the party destination. Over the past two decades, Club Tito’s became the place to be for everyone looking to party the night away on a beach. The move to exit the business came as a surprise to many.
 
Meanwhile, Club LPK owner Nandan Kudchadkar took to social media to announce an “iconic acquisition” which would take it to greater heights. The post sent social media abuzz for the second time this week and prompted many to question whether Kudchadkar had acquired the operations of Club Tito’s and Cafe Mambos. “It is a business transaction and I don’t want to comment,” Kudchadkar said, refusing to confirm or deny the speculation.

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