Jubilant FoodWorks (JFL) has entered into a share subscription and shareholders’ agreement (Agreement) for a joint venture (JV) with Golden Harvest QSR (Golden Harvest), which is a part of Golden Harvest Group of Bangladesh, for operating Domino’s Pizza restaurants in Bangladesh. The Agreement is signed between the parties on March 06, 2018.
For the purpose of this JV, the joint venture entity has been identified as Jubilant Golden Harvest, which is a recently incorporated private limited company in Bangladesh (JV Company). Post investment, JFL and Golden Harvest shall own 51% and 49% respectively of the total shareholding of the JV Company.
Jubilant FoodWorks is India’s largest and fastest growing food service company. The company and its subsidiary operates Domino’s Pizza brand with exclusive rights for India, Nepal, Bangladesh and Sri Lanka.
