20 May 2022, Mumbai:
Exclusive franchise deal move could help Indian company foray into the cafe restaurant business.
Reliance Retail in talks to partner with UK's coffee chain "Pret a Manger".
ALSO READ Reliance Retail posts Q4 FY’22 results
Reliance Retail the retail venture of Reliance Industries is in talks with the UK's premium coffee and sandwich chain for an exclusive franchise partnership two people directly aware of the matter said.
if formalized it will pave the way for Reliance Retail's entry into the fast-growing cafe and restaurant sector in India.
In the hunt
A second attempt by Reliance to strike a deal in the cafe-restaurant business
UK Chain operates 550 stores across the UK, US, France Hong Kong, and Dubai.
RELEVANT NEWS Reliance Industries develops new mall to attract India’s wealthy customers
"This will be Reliance second hand to strike a deal with the large cafe restaurant business as they want to rapidly escalate their presence across multiple consumer-facing sectors, amid a quick revival of the hospitality and travel sectors," one of the people said.
It comes on the back of recent development," From top to bottom Reliance retail plans in beauty and cosmetics foray. The company plans to open nearly 400 stores in two formats one high end & The other value".
Join our community on Linkedin
CREDITS: ET Dt 20-05-2022 (The news article has not been edited by DFU Publications staff).
