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Gloria Jean’s Coffees to set up 100 stores in five years

Thursday, 26 Dec 2019
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Gloria Jean’s Coffees is making a comeback to India with 100 new stores in the next five years. With its new India partner, Jay Jay Capital & Investments, the company will infuse up to Rs 150 crore for the expansion. The company will now work on a cold kitchen concept and prepare fresh food.

The cafés will be about 800-1,500 sq ft with a per-store investment of about Rs one crore. It expects the return on investment to start within two-and-a-half years of a store first being set up.

The first set of stores is slated to open in Mumbai and Bengaluru by June 2020. Jay Jay Capital has entered into a master franchise agreement with Gloria Jean's Coffee. The company also provides similar services to Tata Starbucks, McDonalds, etc, in India.

 
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