Yellow Tie Hospitality has announced to invest USD5 million (around Rs 35 crore) to open 25 stores of UK-based quick service restaurant, Wrapchic in the next three years in India. The company, which has acquired the master franchise rights of the Indian burrito brand, said it has opened the first outlet in Chennai. The company plans to expand to 10 other countries by 2020 and expansion in India will be a pivotal point for the company. Further, the company is planning to invest five million USD in the next three years with 25 stores at PAN India level across malls and corporate parks. Bold expansion move of Yellow Tie Hospitality is an added business opportunity for the signage companies engaging in in-store projects.
