JUBILANT FOODWORKS ENTERS INTO JOINT VENTURE WITH GOLDEN HARVEST TO LAUNCH DOMINO’S PIZZA IN BANGLADESH
Noida-based Jubilant FoodWorks Ltd, which has exclusive rights to operate and develop the Domino’s Pizza in India, Sri Lanka, Bangladesh and Nepal, has reportedly signed a JV with Golden Harvest QSR Ltd of Bangladesh to launch Domino’s Pizza in Bangladesh. Jubilant FoodWorks currently operates 1,128 Domino’s Pizza restaurants in India, and in addition also operates leading baked goods and coffee chain Dunkin’ Donuts stores in India. Golden Harvest QSR, on the other hand is an entity of the diversified Golden Harvest Group which is one of Bangladesh’s leading business groups. As majority stakeholder, Jubilant FoodWorks will have a 51 per cent holding in the JV, while Golden Harvest QSR will hold the balance 49 per cent.