India's Reliance Industries announced on Thursday a franchise partnership with Pret A Manger to launch and build the British sandwich and coffee chain in India, marking the company's foray into the booming food and beverage industry.
Reliance Brands Ltd (RBL) will open the food chain across the country, starting with major cities, it said in a statement.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Reliance will open the first Pret store in Mumbai, India's financial capital, before March 2023, a source with direct knowledge told Reuters.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
The companies expect India to become one of Pret's top three markets in the world within three years, the source added, declining to be named as the plans are not public.
Pret is owned by investment group JAB and founder Sinclair Beecham. Run by one of India's richest men Mukhesh Ambani, Reliance, through RBL, already has a number of partnerships with global luxury brands such as Burberry and Jimmy Choo via franchises and joint ventures.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
