Global Franchise Architects to invest $12 mn in India
Geneva-based Global Franchise Architects (GFA), which has brands like Pizza Corner and Coffee World, is all set to carve a bigger slice of the Indian speciality food pie.
In the next three to five years, the company plans to invest $12 million in India. India accounts for 40% of its global revenue and the company has been registering a growth of 40% year-on-year.It recently brought in its third brand, Donut Baker, and plans to bring in ice cream brand Cream & Fudge Factory and gourmet pizza restaurant Stone Fire Pizza Kitchen in the next two years. GFA currently has 68 Pizza Corner outlets in India, and 10 Coffee World outlets. “We will be closing the year with 90 Pizza Corner outlets.
And, if Donut Baker does well, we will be setting up 100 outlets nationally,” said Fred Mouawad, founder chairman and CEO, GFA Corporation. The first cluster of 20 stores of Donut Baker in Bangalore will be company-owned following which it would look at the franchisee model.
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