Franchise News India,Franchise In India, Franchise In Bangalore,Fast-food chain Panda Express,American-Chinese food Panda Express plans to Expand In india, which serves an American-Chinese cuisine, plans to make an India entry in partnership with JSM. Mumbai based-JSM had earlier brought international chains like Hard Rock Cafe and California Pizza Kitchen into the domestic market, and is learnt to have inked a master franchise agreement with Panda Restaurant Group, which runs Panda Express.

According to sources, JSM is likely to roll out the first few outlets of Panda Express over the next six months starting with major metros. It plans to open around 50 outlets for the brand over the next five years. When contacted by TOI, JSM co-founder Jay Singh confirmed the development without giving further details. Panda Express did not respond to an emailed query by TOI.

Started in 1983 in California, the family-owned Panda Express has built one of the largest Chinese restaurant businesses in the US with sales of over $2 billion as of 2014. Its closest competitors in the Asian-themed restaurants space include PF Chang’s, Noodles & Co and Pei Wei, among others.

JSM, founded in 2004 by Singh and Sanjay Mahtani, runs eight brand properties with close to 30 outlets — Hard Rock Cafe, California Pizza Kitchen, Pinkberry, Shiro, Plus91, The Big Kanuha, Asilo and Ginger Tiger.

Backed by Wipro founder Azim Premji’s investment fund PremjiInvest, JSM plans to start Panda Express through largely.



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