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Gourmet Investments eyeing PizzaExpress' expansion at Rs. 4.5-6 cr per outlet

ANI  |  New Delhi [India] 

Ahead of the launch of their new outlet in Delhi, (GIPL), the of the popular is eyeing investment to the tune of Rs 4.5-6 crore per outlet, along with a revamp of all existing outlets.

With key markets being Mumbai, Delhi, Pune, Bengaluru, and Goa, the company envisages a domestic and international expansion of the Project Series, the refurbished brand from

"We thought of revamping in with the launch of the "Project series" by in July 2017. The main aim was to strengthen the strong foundation laid by success across and NCR by widening the vision from a single brand multi-unit operation to a multi-brand multi-unit operation. After the successful launch of The Bandra Project and then The Runway Project by in Mumbai, The Runway Project in Delhi's Select Citywalk will take forward its signature hyperlocal experience, highlighted with a couture-inspired flavor. The idea is to curate an immersive design and fashion-centric experience that mirrors the ethos of not just its location but also the community it is created for," the company said in an email interaction with ANI.

Gourmet Investments have successfully opened nine restaurants, up until July last year. Taking this expansion forward, the London-based pizza joint aims to capture a significant share in the Indian market, with the launch of its next outlet in India's Silicon Valley, before getting on to the international markets.

"The top five locations on our list are Mumbai, Delhi, Pune, Bengaluru, and and the kind of diversity these cities have match exactly our target audience and the kind of cuisines we intend to offer. Our next big plan is to open in Bengaluru.

We are also planning to go abroad in the coming years," the company said.

Much like outlet, the company says, the outlet will also focus on pizzas, salads, and desserts, with a keen inclination to fresh produce, local ingredients, and global inspirations.

In terms of the ambience, The Runway Project aims at creating "a chic yet understated ambiance" for the tastemakers of the city. The interiors of the space, designed by of the Busride Studio, pays twisted homage to the fashion industry, using Rorschach blots as an inspiration for the custom concrete walls, mixing it up with digital projections that animate the patterns in an ever-changing Kaleidoscopic treatment, where one can spot ephemeral patterns and forms.

"Each venue differs in design since its design is inspired by its locality. The Bandra Project is artier while The Runway Project is more glamorous both in and New The menu by Vicky Ratnani, who is the corporate and culinary director, comprises pizzas, small plates, salads, mains, and desserts, and is the same for and New with a focus on fresh produce, local ingredients, and global inspirations," the company noted.

A well-know name world over, was established in 1965 in London, and operates over 550 restaurants across 14 countries. The brand was launched in in 2012 in partnership with Gourmet Investments Ltd, a company promoted by the

Talking about their association with the Ministry of Crab, a product of Sri Lankan cricketing duo Kumara Sangakkara, Mahela Jayawardene and Dharshan Munidasa, the company announced that it bagged the exclusive rights for the brand's restaurants all over for a period of 10 years to begin with, extendable by an additional period of 5 years after the opening of the second outlet in

"We have announced an agreement to bring the iconic Sri Lankan seafood restaurant "Ministry Of Crab" to It has been on the coveted and prestigious "Asia's 50 Best Restaurants" list every year since 2015. We want to be the benchmark name in developing a multi-brand platform that is focused on targeting the best in the breed (segment). We are hoping to target Japanese, Chinese, and others as segments when growing our portfolio of brands - internationally sourced and solutions for or internationally inspired but homegrown," the company said.

On a related note, the first outlet of the is slated to open in Mumbai, tentatively in May/June 2018.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 12 2018. 15:50 IST
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