Pret A Manger to launch in India

UK coffee and sandwich chain Pret A Manger is to open in India under a franchise deal.

The business will be operated by Reliance Brands, a unit of Reliance Industries, which is owned by multi-billionaire Mukesh Ambani.

Under the plans, the first outlet is expected to open in Mumbai early next year.

Reliance Brands chief executive Darshan Mehta said that the partnership was “rooted in the strong growth potential” of the Pret brand and the food and beverage industry in India.

India is expected to become one of Pret’s top three markets within three years, a source told Reuters.

Pret A Manger first opened in London in 1986 and now has 550 outlets around the world. It is owned by investment group JAB and founder Sinclair Beecham.

In the Indian market, the brand will compete with Starbucks and Costa Coffee.