Jubilant FoodWorks, announced its joint venture with Golden Harvest QSR Limited to launch Domino’s Pizza in Bangladesh.
Post investment in the joint venture, Jubilant FoodWorks will be the major shareholder in the joint venture entity ‘Jubilant Golden Harvest Limited’ with 51% of the total shareholding, while Golden Harvest QSR will own 49% in the JV, the company said in a statement.
Jubilant FoodWorks, which is a master franchise holder of Domino’s Pizza and Dunkin’ Donuts brands in India, has exclusive rights to develop and operate Domino’s Pizza brand in Sri Lanka, Bangladesh and Nepal as well.
Golden Harvest QSR is a part of Golden Harvest Group of Bangladesh which is a diversified conglomerate and has interests in various sectors such as food, commodities, IT, logistics, real estate, dairy, and insurance.
Shyam S. Bhartia, chairman, and Hari S. Bhartia, co-chairman of Jubilant FoodWorks
We are delighted to partner with the Golden Harvest group to introduce Domino’s pizza in Bangladesh. In Golden Harvest, we have found a trusted and capable partner with a diversified set of businesses across Food, Dairy, Logistics, Commodities and other areas, and we look forward to building our business in partnership with them.
Pratik Pota, CEO and whole time director of Jubilant FoodWorks, Bangladesh
We are confident that with Jubilant’s strong operational expertise and Golden Harvest’s deep understanding of the Bangladesh market, we will be able to carve a strong position in the food services market in the country.
Rajeeb Samdani, managing director of Golden Harvest Group
This partnership has a huge potential and with Jubilant FoodWorks’ support we are confident that we would be able to deliver a great pizza experience to our customers in Bangladesh.