BreadTalk to take Taiwan’s Wu Pao Chun bakeries into China
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BreadTalk Singapore says it has formed JVs with a Taiwan company to run bakeries in China.
BreadTalk subsidiary Shanghai Star Food F&B Management has partnered with Wu Pao Chun Food of Taiwan to run Wu Pao Chun outlets in Beijing, Shanghai, Shenzhen and Guangzhou. Shanghai Star will hold 80 per cent of the Shanghai JV and can own up to 40 per cent of the Beijing, Shenzhen and Guangzhou JVs.
Both companies expect to form JVs for co-operation in Singapore and Hong Kong later.
BreadTalk owns 1000 retail stores in Singapore, Mainland China, Hong Kong, Malaysia and Thailand.
Questions & Answers
Q.What is the primary purpose of the joint ventures mentioned in the article?
What is the primary purpose of the joint ventures mentioned in the article?
The joint ventures have been formed to operate Wu Pao Chun bakery outlets in various cities across mainland China. Specifically, they aim to open branches in Beijing, Shanghai, Shenzhen, and Guangzhou, expanding the Taiwanese brand's presence.
Q.What is BreadTalk's ownership stake in the different joint ventures in China?
What is BreadTalk's ownership stake in the different joint ventures in China?
BreadTalk, through its subsidiary Shanghai Star, will hold an 80 per cent share in the Shanghai joint venture. For the Beijing, Shenzhen, and Guangzhou joint ventures, BreadTalk's ownership can be up to 40 per cent.
Q.Are there plans for these companies to collaborate beyond mainland China?
Are there plans for these companies to collaborate beyond mainland China?
Yes, both BreadTalk and Wu Pao Chun Food anticipate forming additional joint ventures in the future. These planned collaborations will extend their co-operation into Singapore and Hong Kong at a later stage.
Q.How many retail stores does BreadTalk currently operate across all its markets?
How many retail stores does BreadTalk currently operate across all its markets?
BreadTalk currently operates a total of 1000 retail stores across its various markets. These outlets are located in Singapore, mainland China, Hong Kong, Malaysia, and Thailand, indicating a significant international footprint.
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