Monginis plans 50 outlets pan-India by 2010-end; seeks franchisees
4th February, 2010: After a recent store launch in Indore, Mumbai-based leading bakery chain, Monginis is now planning to open 50 more outlets across the country by the end of 2010. The company also plans to double its retail distribution from the current retail network of 15,000 stores across the country. The company is scouting four suitable franchise partners in cities like Kanpur, Lucknow, Raipur, Chennai and Bangalore. For opening new stores, on an average, Monginis is looking at the locations with the minimum carpet area of 200 sq ft, ImagesFood has reported.
“After Indore, the cities where we are planning to roll out our exclusive cake shops are Kanpur, Lucknow, Raipur, Chennai and Bangalore. 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,” quoted Zoher Khorakiwala, CMD of Monginis Pvt Ltd in the report.
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