Domino's India franchisee plans for rapid expansion
Aug. 2, 2010
The Indian franchisee of Domino's Pizza is poised for rapid growth: Jubilant FoodWorks Ltd. spokespeople claimed they planned to add 70 stores by March in India, Bloomberg reported.
The announcement comes almost a half-year after Domino’s CEO J. Patrick Doyle said the Asian country would be one of the company’s biggest growth markets in the near future.
From the story:
Urban Indians are eating out about six times a month, compared with 2.7 times a month in 2003, according to the Federation of Indian Chambers of Commerce and Industries’ Food Franchising Report 2009. Incomes in India may rise 10-fold by 2025, according to a study by McKinsey & Co.
Business Strategy and Profitability
Food & Beverage
Franchising & Growth
Trends / Statistics