Pret A Manger, a British sandwich and coffee chain, will be introduced by Reliance in India
For the purpose of introducing and expanding the British sandwich and coffee chain in India, Reliance Industries and Pret A Manger have established a franchise collaboration.
Reliance Industries in India made its entry into the burgeoning food and beverage sector on Thursday by announcing a franchise collaboration with Pret A Manger to establish the British sandwich and coffee brand in India.
According to a statement from Reliance Brands Ltd (RBL), the culinary chain would debut in key cities before expanding nationwide.
Before March 2023, Reliance will open the country’s first Pret location in Mumbai, the nation’s financial hub, a source with inside information told Reuters.
The source continued, declining to be identified because the plans are private, “The firms expect India to become one of Pret’s top three markets in the globe within three years.”
Investment firm JAB and founder Sinclair Beecham jointly own Pret. Run by Mukhesh Ambani, one of the wealthiest men in India, Reliance already has a number of joint ventures and franchise agreements with international luxury brands including Burberry and Jimmy Choo.