Tous les Jours to enter Singapore market

It signed a master franchise agreement with Singapore's Royal T Group, planning to open the first store

Tous les Jours to enter Singapore market
Sul-Li Jun 1
2024-08-12 15:48:20 sljun@hankyung.com
Food & Beverage

CJ Foodville, the food service subsidiary of South Korea's CJ Group and the operator of the bakery chain brand Tous les Jours, announced on Monday that it signed a master franchise agreement with Singaporean company Royal T Group to open Tous les Jours stores in Singapore.

With this expansion, Tous les Jours will now be present in eight overseas countries, including Singapore.

CJ Foodville plans to focus on establishing a strong presence in the Singaporean market through collaboration with its partner company.

The first store is set to open this year, offering various products including meal breads, pastries, and desserts. Following the opening of the first store, the company plans to expand its presence within Singapore and consider entering neighboring countries.

Singapore has a per-capita GDP of $90,000 and a well-developed dining-out culture. According to Euromonitor, Singapore's franchise market was valued at approximately $3.1 billion last year and is expected to grow by 6.6% annually over the next five years, reaching $4 billion by 2027.

Write to Sul-Li Jun at sljun@hankyung.com
#CJ Foodville #Tous les Jours #Royal T Group

Tous les Jours to open five stores in Cambodia

Tous les Jours to open five stores in Cambodia

Tous les Jours, the bakery brand under South Korea's CJ Foodville, announced on Monday that CJ Foodville signed a master franchise (MF) agreement with the global restaurant franchise operating firm EFG to open five new stores in Cambodia by the end of this year. In 2011, CJ Foodville ente

CJ Foodville sees record-high operating profit in 2023

CJ Foodville sees record-high operating profit in 2023

CJ Foodville, the food service subsidiary of South Korea's CJ Group and the operator of bakery chain brand Tous les Jours saw a record-high operating profit last year, according to the company on Thursday. The operating profit was 45.3 billion won ($33.4 million), surging 73.6% compared to the

CJ Foodville attracts $54 mn investment from Arges PE

CJ Foodville attracts $54 mn investment from Arges PE

The image of CJ Foodville's new plant in Georgia, the US (Courtesy of CJ Foodville) CJ Foodville, the food service subsidiary of South Korea's CJ Group and the operator of bakery brand Tous les Jours announced on Thursday that it attracted an investment of 70 billion won ($54 million) from the

CJ Foodville to invest $37 mn to build bakery plant in US

CJ Foodville to invest $37 mn to build bakery plant in US

Tous les Jours, the bakery brand under South Korea's CJ Foodville, unveiled plans on Tuesday to invest over 50 billion won ($37 million) in its first US production facility.The manufacturing plant will occupy about 90,000 square meters in Hall County, Gainesville, Georgia. CJ Foodville, the fo

CJ Foodville picks Arges PE as preferred negotiator to attract investment

CJ Foodville picks Arges PE as preferred negotiator to attract investment

The 100th store of Tous les Jours in the US near Manhattan, New York Arges Private Equity has been chosen as the preferred negotiator for attracting investment in CJ Foodville, the food service subsidiary of South Korea's CJ Group, according to sources in the investment banking industry on Mond
(* comment hide *}