Hotline: 1800 102 2007
X
Search Business Opportunities
Mar, 06 2018

Jubilant FoodWorks Joint ventures with Golden Harvest to launch Domino’s in Bangladesh

Golden Harvest QSR Limited is a part of Golden Harvest Group of Bangladesh which is a diversified conglomerate and has interests in various sectors such as food, commodities, IT, logistics, real estate, dairy and insurance.

Jubilant FoodWorks Limited, one of India’s largest food service company, today announced its joint venture with Golden Harvest QSR Limited to launch Domino’s Pizza in Bangladesh. Post investment in JV, Jubilant FoodWorks will be the major shareholder in the joint venture entity ‘Jubilant Golden Harvest Limited’ with 51% of the total shareholding, while Golden Harvest QSR Limited, a part of the Golden Harvest Group, will own 49% in the JV.

Speaking on the announcement Mr. Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, Co-Chairman, Jubilant FoodWorks Limited said, “Today’s announcement marks a significant step in our journey of international expansion. As one of the fastest growing economies, we believe that Bangladesh offers huge potential for Domino’s. We are delighted to partner with the Golden Harvest group to introduce Domino’s pizza in Bangladesh. In Golden Harvest, we have found a trusted and capable partner with a diversified set of businesses across Food, Dairy, Logistics, Commodities and other areas, and we look forward to building our business in partnership with them.”

Commenting on the development Mr. Pratik Pota, CEO & Whole time Director, Jubilant FoodWorks Limited said, “We are excited to be entering the Bangladesh market. As the eight most populous country in the world with the highest population density and a young demographic, the Bangladesh market presents a great growth opportunity for Domino’s. We are confident that with Jubilant’s strong operational expertise and Golden Harvest’s deep understanding of the Bangladesh market, we will be able to carve a strong position in the food services market in the country.”

According to Mr. Rajeeb Samdani, Managing Director of Golden Harvest Group, “We are excited to collaborate with Jubilant FoodWorks to bring the world renowned and iconic Domino’s Pizza brand to Bangladesh. Pizza is a growing food segment in the country as the consumers are opening up to more experimentation in food especially global cuisines. This partnership has a huge potential and with Jubilant FoodWorks’ support we are confident that we would be able to deliver a great pizza experience to our customers in Bangladesh.”

Jubilant FoodWorks Limited, which is a master franchise holder of Domino’s Pizza and Dunkin’ Donuts brands in India, has exclusive rights to develop and operate Domino’s Pizza brand in Sri Lanka, Bangladesh and Nepal as well.

Golden Harvest QSR Limited is a part of Golden Harvest Group of Bangladesh which is a diversified conglomerate and has interests in various sectors such as food, commodities, IT, logistics, real estate, dairy and insurance.

Comment
image
Related opportunities
  • Pharmacies
    About Us: |Reliable, Experienced, Trusted pharma product provider| The most trusted name..
    Locations looking for expansion New Delhi
    Establishment year 2006
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Cosmetics & Beauty Product Stores
    About Us: Established in the year 2000, Renewcell Cosmedica LLP formerly..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Fine Dine Restaurants
    About Us: Established in 2007, Marrakesh, a venture of Marrakesh Hospitality..
    Locations looking for expansion Maharashtra
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 450
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
  • Laundry & Dry Cleaning
    About U Clean: At UClean, we are building India's first organized..
    Locations looking for expansion New Delhi
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 350
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities