Mukesh Ambani, the second-richest person in India with a net worth of $93 billion, plans to introduce India to Pret A Manger on franchise terms, with the first one opening in Mumbai in the first quarter of 2023. 

Reliance Industries bought the toy retailer Hamleys in 2019 and the historic British country club Stoke Park in 2021 for £57m (circa US$69m). It also owns an Indian supermarket and grocery store chain, which has more than 2,000 branches.

Now, billionaire Mukesh Ambani’s Reliance Industries includes businesses such as petrochemicals, oil and gas, telecommunications and retail. Now, it is venturing into the coffee and sandwiches business.

Our partnership with Pret is rooted in the strong growth potential of both Pret as a brand… also of the food & beverage industry in India.

Darshan Mehta, Managing Director, Reliance Brands

Since its establishment in 1983, the sandwich shop franchise chain Pret A Manger has 550 outlets in several countries across the globe, including the UK, the USA, France and the UAE.

India is the second most populated country in the world, which makes it attractive for international companies to take their share of the market. The South Asian country is often associated with tea, but in recent years, coffee has been on the rise with multiple international giants opening their outlets in it, the latest one being the British Pret A Manger. In May, Canadian fast-food chain Tim Hortons also expressed interest in growing its brand in India.

Last year, Reliance Industries announced a franchise agreement with 7-Eleven, the US-based convenience store. This deal positioned the company as India’s largest brick-and-mortar retailer. The conglomerate also has partnerships with luxury brands such as Burberry and Jimmy Choo.

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