Reliance Retail is all set to Rope in Kirana Stores as Franchise Partners for Jio Mart.

 

The Mukesh Ambani-owned firm Reliance Retail will exit direct sale of packaged food, grocery and FMCG goods on its e-commerce platform JioMart by roping in kirana stores as franchise partners that will sell these products to consumers in their respective neighbourhoods. This marks a shift in strategy that differentiates it from other big online grocery platforms.

Reliance has also decided to shelve its B2B cash-and-carry store format, Reliance Market, which will be turned into fulfillment centres for B2B delivery of products to kiranas. The neighbourhood stores will place their orders online and get deliveries at their stores.

The kiranas will source goods from Reliance or elsewhere, said two senior industry executives aware of the plans. In the case of products ordered on JioMart and not in stock with the kiranas—which typically sell the 300-400 most popular items—Reliance Retail will supply them and the margins will be shared equally.

Also, Reliance will continue with the sale of perishables like fruits and vegetables from its stores or fulfilment centres.

In order to pilot this system, JioMart has signed in nearly 56,000 kiranas from 30 cities. Reliance Retail is looking at enrolling kiranas in more than 100 cities by April and will eventually implement this format wherever JioMart has operations.

Jubilant Food works is all set to bring US-based fast food chain Popeyes to India, neighbours!!

 

Food services company Jubilant FoodWorks Ltd (JFL) on Wednesday announced to introduce American multinational chain of fried chicken fast food restaurants 'Popeyes', to India.

The company announced to enter into an exclusive master franchise and development agreement with PLK APAC Pte Ltd, a subsidiary of Restaurant Brands International Inc (RBI), said a joint statement.

It added that the pact has been signed "to develop, establish, own and operate" hundreds of Popeyes restaurants in India, Bangladesh, Nepal and Bhutan in the coming years, said a joint statement.

JFL Chairman Shyam S Bhartia and Co-Chairman Hari S Bhartia said, "We are happy to announce the signing of a multi-country agreement to acquire the exclusive rights to operate and sub-license the iconic Popeyes brand in India and neighbouring countries."

He added that chicken is one of the largest and fastest-growing categories in India and is expected to grow rapidly in years to come.

Popeyes will be an exciting addition to the JFL portfolio and is expected to become one of the key drivers of growth for us in the coming years, he added.

Founded in New Orleans in 1972, Popeyes has over 45 years of history and culinary tradition.

It is one of the world's largest chicken quick service restaurants with over 3,400 restaurants in over 25 countries around the globe.

Since its acquisition by RBI, Popeyes has expanded successfully into Spain, Switzerland, China, Brazil, Sri Lanka and the Philippines in the past few years.

"Popeyes will also enter the United Kingdom and build its presence in Mexico starting in 2021, with plans to open several hundreds of restaurants across both countries," it said.

Jubilant FoodWorks, part of the Jubilant Bhartia Group, already holds the master franchise rights for two international brands Domino's Pizza and Dunkin' Donuts.

The company also launched its first homegrown brand, 'Hong's Kitchen', in Chinese cuisine segment.

Marco's Pizza plans 400 stores across India in 5 years!!

 US-based pizza chain Marco's Pizza today stepped into Indian market by opening its first outlet in Vadodara and plans to have 400 stores in the country in the next five years.

Marco's Pizza who’s Headquarter is in Ohio, currently operating 650 stores in 36 states of US, Puerto Rico and the Bahammas.

The firm has now started its first outlet unit branch in VADODARA, INDIA

The company is planning to have 400 outlet stores across the country in the upcoming five years and have planned to open 700 more stores in US in next five years

It’s a great opportunity to local entrepreneurs to grab this opportunity to be a part of one of the renowned pizza chains from USA

The company is setting its foot in India through the franchise route

"This big step from Marco's USA will not only put the company on the financial radar in USA but also influence local economy in India since the product is geared towards Indian consumer market. Also it will create lots of jobs, not to forget that all ingredients were sourced in India specially the blend of cheese was manufactured in India for the first time keeping in mind Make In India model, and has a large potential of exporting to other nation where ever Marco's Pizza grows,"