Dessert chain Dairy Queen is seeking a partner to expand into India.
The US based company, owned by private equity investor Berkshire Hathaway, operates about 6000 Dairy Queen stores in more than 20 countries and is committed to a progressive roll-put strategy in Asia, especially.
Its stores sell a range of soft serve ice cream products, but sells some burgers and other fast food lines at outlets branded DQ Restaurant and DQ Grill & Chill.
Earlier talks with reliance Retail broke down and the company is now keen to find a new partner to roll out stores India-wide.
“The company would initially want to look at opening around 100 stores here,” a person “familiar with the matter” was quoted by the Times of India.
Dairy Queen dates back to 1940 and has expanded into many foreign markets.
In Asia, Dairy Queen stores can be found in Cambodia, China, Indonesia, Laos, Malaysia, Macau, Philippines, Singapore, Thailand, Taiwan and Vietnam. It has previously operated in Korea and Japan, but has withdrawn from both markets.