FIGARO’S PIZZA, INC. PRESS RELEASE
1500 Liberty St. SE, Suite 160
Salem, OR 97302
FOR IMMEDIATE RELEASE
January 19, 2022
Media Contact: Holly Earle-Schultze
Figaro’s Italian Pizza Inc. has struck a deal with FranGlobal, the international business
arm of Asia’s largest franchising solutions company, Franchise India Holding Limited to
open hundreds of Figaro’s pizza outlets throughout India over the next 25 years.
The franchise development agreement is the largest in Figaro’s history as it accelerates
store openings across its markets. The move will launch Figaro’s in India, which is one
of the world’s fastest growing pizza markets, it said.
FranGlobal plans to set up 250 plus outlets in India in the next four years.
Figaro’s offers a pizza high in quality and value. A Figaro’s pizza truly has, “Flavors that
Sing” because of the ingredients we use and the recipes we developed.
Figaro’s pizza is seeking franchise partners to develop Figaro’s stores in India. We
feature an operating system that is simple to run and does not require prior food
experience. It is an ideal opportunity for either a multi-store investor or an active
operator on the individual store level.
Commenting on the collaboration Mr. Ron Berger, CEO – Figaro’s Pizza said, “On our
40th anniversary, we are incredibly excited to be entering the Indian market. We are
humbled by the possibilities that this major expansion has for our brand and are
confident that the deliciously unique flavors of our pizzas and other products will find a
most appreciative audience in India. We admire FranGlobal and look forward to their
leadership of our development efforts in India, and possibly additional International
markets. Figaro’s and FranGlobal will work in unison to create delicious pizza combos
which will prove popular alongside existing Indian cuisines.”
Ms. Venus Barak, CEO, FranGlobal said, “FranGlobal, as part of its DNA, has always
believed in the power of the brand and connecting it with the local marketplace. As a
market entry and advisory firm, we deal in every sector and territory and represent
hundreds plus brands actively. Our asset business is a strategic call where we focus on
brands with strong IPs and standards. Combine that with a strong OPS, management
team and robust franchise partners across the country.
The acquisition of the Figaro’s Pizza brand is a turning point in our asset business as
the primary pizza market is currently dominated by two large American players –
‘Domino’s’ and Pizza Hut alongside regional and local chains. You will find this quite
skewed in comparison with the burger/sandwich market. With more than 40 years in the
business with the US and globally, Figaro’s has inherent strong SOPs and strength
which, if accompanied with local market variables, can become a powerful offering to
our partners and customers. Our goal is to create a better pizza experience and offering
for our patrons.
In the next four years, we plan to open 250 stores across major cities through exclusive
development franchise partners. Our team will be working with Figaro’s team for menu
and product development. We have already started working with real estate developers
for initial key locations.
Franglobal is looking to acquire different brand assets under a master licensee or
franchise structure over the next few years. Ultimately, we want to unlock the massive
demand for great brands both on the B2B and B2C side“.
ABOUT FIGARO’S PIZZA
Figaro’s journey began in 1981 as the dream of two entrepreneurs, Corkey Gorley and
Al Debacker in Salem, Oregon, the United States, who wanted to meet the needs of
busy families. In an era when both parents often work outside the home and there’s a
universal demand for speed, quality, value and convenience, Figaro’s popularity has
increased year after year as a partner in meal time preparation. The Company focused
from the beginning on creating unique, delicious, wholesome pizzas unlike the ‘other’
pizza is available. The attention to creating pizza masterpieces led to the commitment to
not adding MSG, as well as no fillers or extenders, the use of only real cheese, the
preparation of fresh dough at every location every day, special sauces blended with
imported extra virgin olive oil, leaner choice meats and fresh vegetables. Combine it all,
and you have a uniquely delicious product you will be proud to offer. Today, Figaro’s is
the leading company offering both baked and unbaked pizzas.
FranGlobal, the international business arm of Franchise India, provides every brand
with an opportunity to expand their business and follow a dream. For two decades,
FranGlobal has been acting as a market entry specialist, serving brands to expand and
reach out to global markets. We consult, recommend and implement strategies to help
companies to create success even in complex markets. With over a million man hours
of business advisory experience, our team of consultants discovers and analyzes
opportunities, arranges meetings by identifying partners with the right kind of synergy,
and supports until a company is well established. Franchise India is, has been, and
intends to continue to be a gateway to domestic brands going overseas and to foreign
brands entering the Indian franchising space.