SPC Samlip signed a memorandum of understanding with Siam Makro, a retail affiliate of Thailand s biggest conglomerate CP Group, to enter the Southeast Asian country s bakery market, the company said Monday. It is the company s first partnership deal with a foreign company to seek overseas business. SPC Samlip and Siam Makro are considering the establishment of a joint venture to produce and distribute Korean bakery products in Thailand.
SPC Group has opened its first Paris Baguette store in London as part of its plan to use the English market as a stepping stone to expand its bakery chain business into Europe, the company said Sunday. The food company s bakery chain in London opened on the first floor of Battersea Power Station located on the lower side of the River Thames, on Oct. 14. The former thermoelectric power plant was recently reopened after being renovated as a multipurpose commercial and residential complex.
SPC Group opened its ninth Shake Shack restaurant in Singapore at Junction 8, the largest shopping mall in Bishan. The opening is the latest move by the food company in its campaign to expand its business into Southeast Asia, it said, Friday.