Spencer's Retail, part of the diversified RPG group, said on Tuesday it has tied up with U.S. bakery cafe chain, Au Bon Pain, to set up outlets in India.
Spencer's will spend 500 million rupees in two years to set up 100 standalone outlets of the cafe chain in India, Sanjiv Goenka, vice-chairman of RPG Enterprises, said.
Under the joint venture agreement, Spencer's Retail, owned by RPG's flagship power utility firm CESC Ltd (CESC.BO: Quote, Profile, Research), will be the franchise for the cafe chain in India, he said.
Au Bon Pain, the Boston-based fast casual dining and bakery chain, has over 200 outlets in the United States, South Korea, Taiwan and Thailand, Goenka said.
The outlets will come up in big cities and small towns of India, he added.
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