Pizza Corner owner plans India expansion
Global Franchise Architects, the parent company will invest Rs 40 crore to fund the expansions
Raghavendra Kamath Mumbai Global Franchise Architects (GFA), which owns Pizza Corner, Donut Baker, Coffee World, and Cream & fudge said it plans to open 40 stores across its brands in the country this year. GFA will invest Rs 40 crore to expand its operations.
GFA runs 100 stores in the country.
As a part of GFA’s forthcoming strategy, while Pizza Corner will largely grow through corporate stores, the franchising business model will continue. The company is also tweaking the strategy with owning at least 45% of stores as against 25% of owned stores in 2012. The investments willl be prominently used to expand in South India.