New York City -- The owners of the Panda Express fast-food chain, Andrew and Peggy Cherng, have partnered with Procter & Gamble, whose products include Tide laundry detergent, to open a dry cleaning chain, Panda Dry Cleaning, according to the Los Angeles Times.
The new concept made its debut under the Tide Dry Cleaners banner in Henderson, Nev., and as many as 200 franchised locations nationwide are planned for the next five years.
Panda is set to open at least five more Tide cleaners in 2012. Many of the future locations could be planned for California, where they have exclusive rights to develop the facilities, the report said.
"There isn't any consolidation in this particular industry," Andrew Cherng told the Times. "There is no McDonald’s of dry cleaners. We see this as an opportunity."