The group is eyeing major cosmopolitan locations within India over the next 5 years, bringing the signature Akiba Dori style and modern Japanese street-food & Tokyo-style pizza that customers of the brand have enjoyed over the last 5 years in the UAE.
Owned by Nord Bay Capital, the casual dining chain has partnered with international franchising solutions firm, Franglobal to open 30 to 50 stores in North, West, and South India.
The company recently announced another record-setting year, ending 2022 exceeding global sales projections and achieving eight consecutive quarters of positive same-store sales growth.
At present, Magnolia Bakery has locations in Bengaluru at J.K. Plaza, Indiranagar; RMZ Ecoworld, Sarjapur; and Phoenix Market City, Mahadevapura while at Jubilee Hills in Hyderabad.
KFC Division opened 997 gross new restaurants during the quarter, Taco Bell Division opened 253 gross new restaurants and Pizza Hut Division opened 571 gross new restaurants during the quarter.
The flagship entry of Popeyes® was marked in India with the opening of its first restaurant in Bengaluru, followed by rapid expansion to 12 restaurants across the city in less than a year.
Owned by the two founding generations of the business in Milford, Connecticut for more than five decades, Subway operates more than 37,000 restaurants in over 100 countries.
CSB has already established a firm in the United Kingdom in order to quickly expand into the markets of the United Kingdom, the United States, and Canada.