New York City -- Dunkin’ Brands plans to open 500 Dunkin’ Donuts stores in India over the next 15 years through a partnership with restaurant chain operator Jubilant FoodWorks Ltd.
Dunkin’ Donuts signed a franchise agreement with Jubilant, according to a statement distributed by PR Newswire today. The first Dunkin’ Donuts shop will open early next year, and will feature the company’s signature coffee and bakery products as well as food developed specifically for the Indian market.
“India represents a tremendous growth opportunity for Dunkin’ Donuts,” said Nigel Travis, CEO, Dunkin’ Brands, which is owned by Bain Capital LLC, The Carlyne Group and Thomas H. Lee Partners LP. “India is one of the fastest growing economies of the world and has a very fast growing middle class.”