Figaro’s Pizza in Deal with FranGlobal to Expand Into India
Company Added
Company Removed
Apply to Request List

Figaro’s Pizza in Deal with FranGlobal to Expand Into India

January 19, 2022 // Franchising.com // Figaro's Italian Pizza Inc. has struck a deal with FranGlobal to open hundreds of Figaro's pizza outlets throughout India over the next 25 years.

The franchise development agreement is the largest in Figaro’s history as it accelerates store openings across its markets. The move will launch Figaro’s in India, which is one of the world's fastest growing pizza markets, it said.

Figaro’s offers a pizza high in quality and value. A Figaro’s pizza truly has, “Flavors that Sing” because of the ingredients we use and the recipes we developed.

Commenting on the collaboration Mr. Ron Berger, CEO – Figaro's Pizza said, “On our 40th anniversary, we are incredibly excited to be entering the Indian market. We are humbled by the possibilities that this major expansion has for our brand and are confident that the deliciously unique flavors of our pizzas and other products will find a most appreciative audience in India. We admire FranGlobal and look forward to their leadership of our development efforts in India, and possibly additional International markets. Figaro’s and FranGlobal will work in unison to create delicious pizza combos which will prove popular alongside existing Indian cuisines.”

Ms. Venus Barak, CEO, FranGlobal said, “FranGlobal, as part of its DNA, has always believed in the power of the brand and connecting it with the local marketplace. As a market entry and advisory firm, we deal in every sector and territory and represent hundreds plus brands actively. Our asset business is a strategic call where we focus on brands with strong IPs and standards. Combine that with a strong OPS, management team and robust franchise partners across the country.

The acquisition of the Figaro’s Pizza brand is a turning point in our asset business as the primary pizza market is currently dominated by two large American players - ‘Domino's’ and Pizza Hut alongside regional and local chains. You will find this quite skewed in comparison with the burger/sandwich market. With more than 40 years in the business with the US and globally, Figaro’s has inherent strong SOPs and strength which, if accompanied with local market variables, can become a powerful offering to our partners and customers. Our goal is to create a better pizza experience and offering for our patrons.
 
In the next four years, we plan to open 250 stores across major cities through exclusive development franchise partners. Our team will be working with Figaro’s team for menu and product development. We have already started working with real estate developers for initial key locations.

SOURCE Figaro’s Pizza

###

Comments:

comments powered by Disqus
Share This Page

Subscribe to Our Newsletters