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Billionaire Mukesh Ambani brings Pret a Manger store to India

New Delhi (CNN Business)One of the wealthiest men in the world is PretAManger inIndiaIs launched. Add the British coffee and sandwich brand to a huge business empire that spans energy, retail and telecommunications.

Mukesh Ambani'sconglomerate Reliance Industries unit signed a "long-term master franchise partnership" with Pret A Manger on Thursday, stating that it would "launch and build." .. Indian brand.

Darshan Mehta, Managing Director of Reliance Brands, said in a statement that the partnership is rooted in the "strong growth potential" of the Pret brand and the Indian food and beverage industry. With a population of

and a rapidly growing population of 1.3 billion, India is a major market for international food brands, including coffee shops. In 2012,Starbucks (SBUX), by partnering with the unit,the first store in JapanWas opened. Of India's largest conglomerate Tata Group.

Mehtastated that Pret A Manger, which means "ready to eat" in French, has strong brand awareness in South Asian countries.

Pret A Manger opened in London in 1986 and now has over 500 shops in the UK, US, France, Dubai and Hong Kong. In September last year, we announced plans to double the scale of our business within five years, including entering five new markets by the end of 2023.

Reliance Brands said it was "a major city and travel center," but a spokesman refused to share the details.

This is not the first time Ambani has signed a deal with a major British brand. In 2019,Reliance purchased's iconic toy store Hamleys from Chinese owner C Banner International for around £ 68m.
According to the Bloomberg Billionaires Index, Ambani is currently worth $ 93 billion, the second wealthiest Indian in the world and the ninth wealthiest.