BreadTalk

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BreadTalk Group Limited
Public
Traded asSGX: 5DA
IndustryFood and beverage
Founded2000; 20 years ago (2000)
HeadquartersSingapore
Number of locations
>1,000 stores (4Q2019)[1]
Key people
  • Dr George Quek Meng Tong (Co-Founder, Chairman, Group CEO)
  • Katherine Lee Lih Leng (Co-Founder, Deputy Chairman)
RevenueIncrease SG$170.4 million (4Q2019)[1]
Number of employees
7,000
Divisions4
Websitewww.breadtalk.com

BreadTalk Group Limited is a Singaporean multinational food and beverage corporation headquartered in Paya Lebar, Singapore.

History[edit]

Founded as a bakery brand in Singapore in 2000 and listed on the SGX in 2003. It has since expanded to more than 1,000 retail stores spread across 17 markets. Its brand portfolio comprises BreadTalk, Toast Box, Food Republic, Food Junction, Din Tai Fung, Bread Society, Thye Moh Chan, The Icing Room, Sō and Nayuki in Singapore. Din Tai Fung, Song Fa Bak Kut Teh, Wu Pao Chun and Nayuki are franchised brands.

The Group has a network of owned bakery outlets in Singapore, PRC, Malaysia, Hong Kong and Thailand as well as franchised bakery outlets across Asia, Europe and the Middle East. It also owns and operates the Din Tai Fung restaurants in Singapore, Thailand and the United Kingdom, as well as the Food Republic food atria in Singapore, China, Taiwan, Hong Kong and Malaysia. In December 2018, the Group opened its first Din Tai Fung restaurant in London.[2][3]

Milestones[edit]

BreadTalk's milestones are:[4]

  • Opened its first outlet at Bugis Junction in July 2000.
  • Listed on SGX SESDAQ (Singapore Exchange) in 2003. It will delist from the SGX on 5 June 2020.[5]
  • Established PRC headquarters and opened its first outlet in Shanghai in 2003.
  • Brought in Din Tai Fung in 2004.
  • Launched Food Republic at Wisma Atria in 2005.
  • Opened 100th international BreadTalk store in Shanghai in 2007.
  • Launched 1st Food Republic in Kuala Lumpur, Malaysia in 2007.
  • Opened inaugural BreadTalk stores in Oman in 2008.
  • Launched 1st Bread Society outlet, an artisanal bakery in ION Orchard in 2009.
  • Ground Breaking ceremony for the IHQ Building in 2011.
  • Global launch of concept BreadTalk outlet in Shanghai in 2012.
  • Launched a new global concept BreadTalk outlet in VivoCity in 2015.
  • BreadTalk Group inked joint venture to enter the United Kingdom with Din Tai Fung restaurants in 2016.
  • BreadTalk inked an agreement to enter Myanmar market in 2016.
  • Food Republic, Toast Box and BreadTalk opened outlets iAT Shanghai Disneyland in 2016.
  • BreadTalk Group inked a joint venture with Song Fa Bak Kut Teh to expand into new markets such as China and Thailand. Its first outlet opened in July 2018 in Shanghai.
  • BreadTalk opens the first Myanmar outlet at Junction City Mall in Yangon on 10 May 2017.
  • Toast Box opens the first outlet at Terminal 3 of Soekarno-Hatta International Airport, Jakarta in May 2017.
  • BreadTalk Group enters a joint venture with Wu Pao Chun Bakery for expansion into four major cities in China.
  • BreadTalk Group partners with Shenzhen Pindao to bring popular tea beverage brands Nayuki and Tai Gai to Singapore and Thailand.
  • BreadTalk partners with Som Datt Group for expansion into India on 18 January 2018.[6]
  • Food Republic opens its first Direct Operated Restaurant ‘Sergeant Kitchen’ in Bangkok in March 2018.
  • BreadTalk returns to India on 17 October 2018.[7]
  • BreadTalk Group buys out its Thai joint venture partner's 50% stake, The Minor Food Group, for S$6.96 million on 20 February 2019.[8]
  • BreadTalk Group opens the first Wu Pao Chun store in South East Asia in May 2019.
  • BreadTalk Group announced on 2 September 2019 that it planned to buy Food Junction, a food court operator similar to Food Republic (a BreadTalk brand), for $80 million.[9] The Competition and Consumer Commission of Singapore allowed the acquisition on 15 October 2019 as the acquisition would not substantially reduce competition, and would also allow BreadTalk to better compete with other food operators.[10]

Other Brands[edit]

Food Republic[edit]

BreadTalk Group's Food Republic foodcourts in Singapore are situated in shopping malls such as Wisma Atria, Vivocity and Suntec City. Overseas, there are food courts in Hong Kong (also in Silvercord of Canton Road, Tsim Sha Tsui), the People's Republic of China, Malaysia, Taiwan and Thailand.

Food Junction[edit]

BreadTalk Group acquired Food Junction in 2019.

Toast Box[edit]

BreadTalk Group operates the Toast Box concept, which is a kampong kopitiam-style coffee houses serving mainly coffee and kaya toast among other more modern snacks. These Toast Box outlets are typically attached to the main BreadTalk outlet or in a Food Republic food court. There have been stand-alone stores in recent years. In 2016, '1933 by Toast Box' was also set up in Capitol Piazza.

Din Tai Fung[edit]

BreadTalk Group is the franchisee of Taiwanese Xiao Long Bao restaurant, Din Tai Fung. It opened its first restaurant in the upscale Paragon shopping mall and has opened other outlets in the island, including one in Bishan and another in the basement annex of Raffles City. Din Tai Fung has 8 branches in Thailand. It was announced that BreadTalk Group has also been awarded the franchise to operate Din Tai Fung in the United Kingdom. This was the result of successful partnerships and the positive reputation that BreadTalk Group has had in managing the franchise in Singapore and Thailand.

The Icing Room[edit]

The Icing Room is the first-ever "Design-It-Yourself" cakes and pastry shop.

Thye Moh Chan[edit]

This 70-year old Teochew bakery was acquired in 2013.

Wu Pao Chun[edit]

BreadTalk Group opens the first Wu Pao Chun store in South East Asia in May 2019.

Bread Society[edit]

Bread Society embraces traditional artisanal baking techniques using highly nutritious ingredients.

Sanpoutei[edit]

BreadTalk Group continued to partner with the Sanpou Group to expand its variety of ramen shops in Singapore. Since 2014, Sanpoutei, which specialises in Niigata-style shoyu ramen has been operating in Holland Village. Another outlet in Shaw Centre was subsequently added, in line with the successful product reception in Singapore.

Sō Ramen[edit]

Sō Ramen is a ramen restaurant. It also offers Koshihikari rice grown from Niigata.

Controversies[edit]

On 25 March 2015, BreadTalk pulled buns commemorating Mr Lee Kuan Yew off shelves after receiving flak from the public. Although the proceeds from sale of the buns were meant for charitable purposes, poor communication of intentions led to the misunderstanding.[11][12] BreadTalk apologised publicly[13] on its Facebook page.[14]

On 4 August 2015, BreadTalk stopped selling soya milk previously labelled "freshly prepared" as they confirmed (after being confronted with photographic evidence) that the product was repackaged Yeo's soya milk packet drink. Prior to investigations, the company had initially denied that they were misleading customers.[15][16] After the details had gone viral online, Breadtalk eventually apologised for its actions.[17] On 7 August 2015, the Consumer Association of Singapore warned Breadtalk they would pursue action if the practice continued.[18][19]

BreadTalk's China franchise was also accused of selling food with expired ingredients, although such a claim has yet to be proven.[citation needed] Seemingly contaminated wheatmeal and butter two years past its expiry date were among discoveries claimed by an undercover reporter at Hangzhou Guangqi Trade Co, in the eastern city of Hangzhou.[20]

On 10 June 2019, the Public Utilities Board (PUB) disclosed that BreadTalk was fined S$16,300 for repeated offences of illegal waste discharge into sewers, making it among 38 companies fined for similar offences. Prior to this, BreadTalk was slapped a fine of S$19,000 for six other incidents of illegal waste discharge.[21]

See also[edit]

References[edit]

  1. ^ a b "Financial Statements and Related Announcement - Full Year Results" (PDF).
  2. ^ U-Wen, Lee (6 December 2018). "BreadTalk enters Europe with Din Tai Fung's London flagship". The Business Times. Retrieved 2 September 2019.
  3. ^ hermes (6 December 2018). "BreadTalk debuts in London with Din Tai Fung flagship". The Straits Times. Retrieved 2 September 2019.
  4. ^ "Milestones". BreadTalk.
  5. ^ Choo, Yun Ting (3 June 2020). "BreadTalk delisting from SGX on June 5". The Straits Times. Retrieved 3 June 2020.
  6. ^ Lee, Marissa (18 January 2018). "BreadTalk partners Som Datt Group for India franchise". The Business Times. Retrieved 2 September 2019.
  7. ^ Ganapathy, Nirmala (17 October 2018). "BreadTalk returns to India with an outlet in Delhi and 15 more planned in 3 years (premium article)". The Straits Times. Retrieved 2 September 2019.
  8. ^ "BreadTalk buys out joint venture partner in Thailand for $6.96m". The Straits Times. 20 February 2019. Retrieved 2 September 2019.
  9. ^ Seow, Bei Yi (2 September 2019). "BreadTalk to buy foodcourt operator Food Junction for $80m". The Straits Times. Retrieved 2 September 2019.
  10. ^ Choo, Yun Ting (15 October 2019). "Competition watchdog clears BreadTalk's proposed acquisition of Food Junction". The Straits Times. Retrieved 20 October 2019.
  11. ^ "BreadTalk apologises for Lee Kuan Yew commemorative bun". Retrieved 23 October 2016.
  12. ^ "Singaporeans say BreadTalk's Lee Kuan Yew bun is in poor taste". Archived from the original on 23 October 2016. Retrieved 23 October 2016.
  13. ^ "BreadTalk pulls buns commemorating Mr Lee Kuan Yew off shelves after receiving flak". Retrieved 23 October 2016.
  14. ^ "BreadTalk® Singapore Apology for Lee Kuan Yew's themed bun". Retrieved 23 October 2016.
  15. ^ "BreadTalk stops selling soya milk; confirms that item was repackaged from Yeo's packet drink". Retrieved 5 August 2015.
  16. ^ "BreadTalk temporarily pulls bottled soya bean milk from shelves". Archived from the original on 8 October 2015. Retrieved 22 September 2019.
  17. ^ "BreadTalk says sorry for not-so-fresh soya milk". Retrieved 5 August 2015.
  18. ^ "BreadTalk gets stern warning from Case". Retrieved 7 August 2015.
  19. ^ "Soya milk 'mistake' a serious matter". Archived from the original on 20 December 2016. Retrieved 8 August 2015.
  20. ^ https://www.shanghaidaily.com/national/BreadTalk-client-of-firm-selling-expired-food/shdaily.shtml
  21. ^ Awang, Nabilah (10 June 2019). "BreadTalk fined S$16,300 for repeatedly discharging illegal waste into sewers". Today. Retrieved 8 October 2019.