Multi-brand restaurant operator Trimex Foods on Wednesday said it has bagged franchise rights for American Chinese dining brand Panda Express in India from a subsidiary of Panda Restaurant Group, Inc.
Through this alliance, Trimex Foods will introduce and scale Panda Express’ operations to 100 stores, with an investment of Rs 400 crore, starting with Delhi NCR, and across major metros and emerging cities, a statement said.
“India is one of the most dynamic restaurant markets in the world, and this collaboration is an exciting step forward in our global expansion,” said Doug Stalgren, spokesperson for Panda Restaurant Group, Inc.
Founded in 1983 by Andrew and Dr Peggy Cherng, Panda Express currently has an annual turnover of over USD 6 billion.
The brand operates over 2,600 restaurants across 12 countries globally, blending Chinese-inspired recipes with American hospitality.
