- A unit of Mukesh Ambani’s Reliance Industries will run the chain under a franchise agreement.
- The first outlet is expected to open early next year in Mumbai.
- It marks the first venture by Reliance Brands into the country’s growing food and drinks industry.
A firm possessed by Asia’s most extravagant individual has figured out an agreement to open outlets of the British espresso and sandwich chain Pret A Manger across India.
A unit of multi-extremely rich person Mukesh Ambani’s Reliance Industries will run the chain under an established arrangement.
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It denotes the principal adventure by Reliance Brands, which likewise possesses India’s greatest corporate store, into the nation’s developing food and beverages industry.
The principal outlet is supposed to open ahead of schedule one year from now in Mumbai.
“Our organization with Pret is established in areas of strength for the capability of both Pret as a brand… likewise of the food and drink industry in India,” Darshan Mehta, the overseeing head of Reliance Brands said in an explanation.
“We’re anticipating working with them on what is our most aggressive worldwide establishment organization to date,” Pret A Manger’s CEO Pano Christou added.
Pret A Manger, which signifies “prepared to eat” in French, was established in London in 1983, with the principal shop opening the next year.
After the first organization went into liquidation the brand was purchased by school companions Sinclair Beecham and Julian Metcalfe, with their most memorable store opening in 1986.
The brand as of now has 550 outlets all over the planet, across nine business sectors including the UK, US, Europe, and Asia.
Last year, Reliance Industries reported an establishment concurrence with the US-based general store chain 7-Eleven.
The arrangement assisted with establishing the organization’s situation as India’s biggest blocks and mortar retailer.