Reliance Industries is in talks with Subway Inc, to buy its India franchise
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People in the know say Reliance Industries is in discussions with Subway Inc., the world’s largest single-brand restaurant chain, to purchase its India franchise for $200-250 million. The sandwich manufacturer, based in Connecticut, USA, operates in India through several regional master franchisees.
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Assuming that the discussions are successful, RIL’s retail unit will expand its omnichannel activities to other sectors with a network of 600 odd Subway stores in India. With Reliance Retail’s arrival, competition in India’s organized QSR sector would be intensified.
