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One of the world's richest men is launching Pret A Manger in India, adding the British coffee and sandwich store brand to a huge business empire that spans energy, retail and telecommunications.
A unit of Mukesh Ambani's conglomerate Reliance Industries said on Thursday that it has entered into a "long-term master franchise partnership" with Pret A Manger and will "launch and build the brand in India."
Darshan Mehta, the managing director of Reliance Brands, said in a statement that the partnership was rooted in the "strong growth potential" of the Pret brand and India's food and beverage industry.
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With its population of 1.3 billion and rapid growth, India is a key market for international food brands, including coffee shops. In 2012, Starbucks (SBUX) opened its first store in the country, by partnering with a unit of India's largest conglomerate Tata Group.
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Mehta said that Pret A Manger — which means "ready to eat" in French — has strong brand recognition in the South Asian country.
One of the world's richest men is launching Pret A Manger in India, adding the British coffee and sandwich store brand to a huge business empire that spans energy, retail and telecommunications.
A unit of Mukesh Ambani's conglomerate Reliance Industries said on Thursday that it has entered into a "long-term master franchise partnership" with Pret A Manger and will "launch and build the brand in India."
Darshan Mehta, the managing director of Reliance Brands, said in a statement that the partnership was rooted in the "strong growth potential" of the Pret brand and India's food and beverage industry.
*
With its population of 1.3 billion and rapid growth, India is a key market for international food brands, including coffee shops. In 2012, Starbucks (SBUX) opened its first store in the country, by partnering with a unit of India's largest conglomerate Tata Group.
*
Mehta said that Pret A Manger — which means "ready to eat" in French — has strong brand recognition in the South Asian country.
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