Sunday, February 7, 2010

Monginis Bakery Franchise Looking at opening 50 more Outlets by 2010.

Mumbai-based leading bakery chain, Monginis now plans to open 50 more outlets across the country by end of the year 2010, after a recent store launch in Indore. The company also plans to double its retail distribution from the current retail network of 15,000 stores across the country.

Elaborating on the Monginis' expansion plan, Zoher Khorakiwala, CMD, Monginis Pvt. Ltd. said, “After Indore, the cities where we are planning to roll out our exclusive cake shops at Kanpur, Lucknow, Raipur, Chennai and Bengaluru. We are currently looking out for suitable franchising partners for these locations and it will take some time for us to decide on Monginis’ manufacturing franchisee.”

Monginis is looking at locations with minimum carpet area of 200 sq ft and are looking at opening more stores with the Strategic Business Unit (SBU) setting ambitious plans for the retail distribution expansion.

Hence eyeing a prominent expansion strategy in the burgeoning bakery market in India.

Monginis plans to open 50 outlets across India by year-end
Saturday, February 06, 2010, 10:00 Hrs [IST]
By HBI Staff | Mumbai