American QSR chain Figaro's Pizza partners with FranGlobal to enter India; open 250 stores in 4 years

FranGlobal, the international business arm of Asia's largest franchising solutions company, Franchise India Holding Limited has partnered with American multi-national QSR chain Figaro's Italian Pizza Inc. 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.

Considered as one of the fastest growing pizza market, FranGlobal aims to open 250 plus outlets in of the pizza chain in next four years.

“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,” shared Ron Berger, CEO – Figaro's Pizza by adding that they admire FranGlobal and look forward to their leadership of their 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.

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

“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,” added Venus Barak, CEO, FranGlobal by pointing that the acquisition of the Figaro’s Pizza brand is a turning point in their 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,” she added.

Figaro's pizza is seeking franchise partners to develop Figaro’s stores in India. The brand features an operating system that is simple to run and does not require prior food experience.

It is an ideal opportunity for either a multi-store investor or an active operator on the individual store level.

In the next four years, it aims 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,” Barak further added.

Franglobal is also looking to acquire different brand assets under a master licensee or franchise structure over the next few years.