Media Matrix in alliance with Irish company to open pubs

The leading media company, Media Matrix Worldwide Limited announced its joint venture with Irish Pub Company FZC, UAE. Together they plan to set up a chain of pubs across India and the Indian subcontinent. It has a target of launching 50 pubs in three phases in 2-5 years, based on the franchising model.

The JV will benefit both the companies as Media Matrix Worldwide Limited will raise the initial investment of 20 million US Dollars and build a chain of pubs. Media Matrix will kick-off the operations by opening their flagship stores starting from Mumbai followed by cities like Kolkata, Delhi, Chennai, Bengaluru, Pune, Hyderabad, Goa, Mauritius and Colombo, and Sri lanka.

Irish Pub Company is in creation, design, building and management of branded hospitality concepts with an expertise and experience of building and operating over thousand of pubs across 53 countries.