Despite a slow start, the president of the American burger company believes they are well on the way to scaling and growing in the region
In India, the strike rate of Wendy’s, the American burger chain which reportedly overtook rival Burger King to become second biggest in the US, looks weird: Four restaurants in six years. When contrasted with over 270 outlets that Burger King opened in India during the same period, Wendy’s doesn’t look to be in a position to either give a fight or replay the famed US rivalry back in India.
The ground reality, though, doesn’t deter Abigail Pringle from sounding optimistic about the prospects of the burger giant in India. “We are playing a different game and challenging conventional thinking about how we grow the brand in India and around the world,” says Pringle, president (international) and chief development officer of The Wendy’s Company. The key for Wendy’s, she underlines, is scaling and growing the right way across the region. “This can take time, and we are well on our way,” she says in an exclusive email interview with Forbes India. “We have an accelerated global growth strategy,” she points out. Excerpts from an interview:
How do you see the progress of Wendy's in India in five years?
We are happy with the progress in India and see this market as a long-term growth opportunity. India is expected to be among the top three global economies by 2050 and is growing faster than most of the emerging and developed countries. We are playing a different game and challenging conventional thinking about how we grow the brand in India and around the world. The key for Wendy’s is scaling and growing the right way across the region. This can take time, and we are well on our way.
We believe our new partnership between Wendy’s, our existing franchisee Sierra Nevada Restaurants and Rebel Foods is truly exciting for our growth in India. Over the next decade, Sierra Nevada Restaurants will develop an additional 150 traditional Wendy’s restaurants and is supporting the development of approximately 250 cloud kitchens with Rebel Foods. We’ve opened more than 20 units in the last three months and have great confidence in our future.