BreadTalk explained

BreadTalk Group Pte Ltd
Type:Privately held company
Industry:Food and beverage
Locations:>1,000 stores (4Q2019)[1]
Revenue: SG$170.4 million (4Q2019)
Num Employees:7,000
Divisions:4
Location:Singapore

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

History

BreadTalk Group Pte Ltd was founded as a bakery brand in Singapore and opened it first outlet at Bugis Junction in July 2000. It was listed on the Singapore Exchange in 2003. It has since expanded to more than 900 retail stores spread across 15 markets. Its brand portfolio consists of BreadTalk, Toast Box, Food Republic, Food Junction, Bread Society, Thye Moh Chan, The Icing Room, Sō Ramen, Butter Bean and Charlie Tea in Singapore. Din Tai Fung, Song Fa Bak Kut Teh and Wu Pao Chun are franchised brands.[2]

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.[3] [4]

On 20 February 2019, BreadTalk Group bought out its Thai joint venture partner's 50% stake, The Minor Food Group, for S$6.96 million.[5]

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.[6] 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.[7]

On 5 June 2020, the company was delisted from the Singapore Exchange.[8]

Company milestones

Milestones
YearEvent
2003Established PRC headquarters and opened its first outlet in Shanghai[9]
2004Brought in Din Tai Fung
2005Launched Food Republic (now under name Food Opera) at Wisma Atria
2007Opened 100th international BreadTalk store in Shanghai
2007Launched 1st Food Republic in Kuala Lumpur, Malaysia
2008Opened inaugural BreadTalk stores in Oman
2009Launched 1st Bread Society outlet, an artisanal bakery in ION Orchard
2011Ground Breaking ceremony for the IHQ Building
2012Global launch of concept BreadTalk outlet in Shanghai
2015Launched a new global concept BreadTalk outlet in VivoCity
2016BreadTalk Group inked joint venture to enter the United Kingdom with Din Tai Fung restaurants
2016BreadTalk inked an agreement to enter Myanmar market
2016Food Republic, Toast Box and BreadTalk opened outlets iAT Shanghai Disneyland
2017BreadTalk opens the first Myanmar outlet at Junction City Mall in Yangon
2017Toast Box opens the first outlet at Terminal 3 of Soekarno-Hatta International Airport, Jakarta
2018BreadTalk 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 Shanghai
2018BreadTalk Group enters a joint venture with Wu Pao Chun Bakery for expansion into four major cities in China.
2018BreadTalk Group partners with Shenzhen Pindao to bring popular tea beverage brands Nayuki and Tai Gai to Singapore and Thailand.
2018BreadTalk partners with Som Datt Group for expansion into India[10]
2018Food Republic opens its first Direct Operated Restaurant ‘Sergeant Kitchen’ in Bangkok in March 2018.
2019BreadTalk Group opens the first Wu Pao Chun store in South East Asia
2020BreadTalk Group opens its first Butter Bean outlet at Funan mall[11]
2020BreadTalk Group opens its first Charlie Tea outlet at Takashimaya Shopping Centre, Ngee Ann City[12]
2020BreadTalk Group strikes deal with First Street Teochew Fish Soup and has opened the first new outlet under the partnership in BreadTalk IHQ[13]

Awards

Other Brands

Food Republic

See main article: article and Food Republic. 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

BreadTalk Group acquired Food Junction in 2019.

Toast Box

BreadTalk Group operates the Toast Box concept, 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.

Din Tai Fung

See main article: article and Din Tai Fung. 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

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

Thye Moh Chan

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

Wu Pao Chun

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

Bread Society

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

Sanpoutei

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

Sō Ramen, originally known as Ramenplay, is a ramen restaurant. It also offers Koshihikari rice grown from Niigata.

Butter Bean

Butter Bean is a home-grown brand by BreadTalk Group operating as a hip café concept. It offers contemporary twists to traditional Singaporean dishes.

Charlie Tea

Charlie Tea is a home-grown brand by BreadTalk Group specialising in a variety of tea beverages, including bubble tea, and baked goods.[18]

Controversies

On 25 March 2015, BreadTalk pulled buns commemorating 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.[19] [20] BreadTalk apologised publicly[21] on its Facebook page.[22]

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.[23] [24] After the details had gone viral online, Breadtalk eventually apologised for its actions.[25] On 6 August 2015, the Consumers Association of Singapore warned Breadtalk they would pursue action if the practice continued.[26] [27]

BreadTalk's China franchise was also accused of selling food with expired ingredients, although such a claim has yet to be proven.[28] 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.[29]

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 charged with a fine of S$19,000 for six other incidents of illegal waste discharge.[30]

See also

Notes and References

  1. Web site: BREADTALK GROUP LIMITED Financial Statements and Dividend Announcement For The Fourth Quarter and Year Ended 31 December 2019.
  2. Web site: BreadTalk Group Pte Ltd. 2000-04-27. Breadtalk. en. 2024-04-27.
  3. Web site: BreadTalk enters Europe with Din Tai Fung's London flagship. U-Wen. Lee. 2018-12-06. The Business Times. en. 2019-09-02.
  4. Web site: BreadTalk debuts in London with Din Tai Fung flagship. hermes. 2018-12-06. The Straits Times. en. 2019-09-02.
  5. News: 20 February 2019 . BreadTalk buys out joint venture partner in Thailand for $6.96m . The Straits Times . 2 September 2019.
  6. Web site: Seow . Bei Yi . 2 September 2019 . BreadTalk to buy foodcourt operator Food Junction for $80m . 2 September 2019 . The Straits Times.
  7. Web site: Choo . Yun Ting . 15 October 2019 . Competition watchdog clears BreadTalk's proposed acquisition of Food Junction . 20 October 2019 . The Straits Times.
  8. Web site: Choo . Yun Ting . 3 June 2020 . BreadTalk delisting from SGX on June 5 . 3 June 2020 . The Straits Times.
  9. Web site: Milestones . BreadTalk.
  10. News: Lee . Marissa . 18 January 2018 . BreadTalk partners Som Datt Group for India franchise . The Business Times . 2 September 2019.
  11. Web site: Soy Milk On Tap & Hip 'Kopitiam' With Korean-Style Sandwiches By BreadTalk . 2020-11-14 . TODAYonline.
  12. Web site: 2020-08-23 . Novel eats coming your way soon . 2020-11-14 . The Straits Times . en.
  13. Web site: First Street Teochew Fish Soup Hawkers Ink Lucrative Deal With BreadTalk Group . 2020-11-14 . TODAYonline.
  14. Web site: BreadTalk Group - Our Milestones. 2022-01-24. www.breadtalk.com.
  15. Web site: DFA Design for Asia Awards. 2022-01-24. dfaa.dfaawards.com.
  16. News: 24 January 2022. World Brand Lab releases 2021 "Five-Star Diamond Award".
  17. Web site: WBA. 2016-05-09. BreadTalk. 2022-01-24. World Branding Awards. en-GB.
  18. Web site: Is BreadTalk's New Bubble Tea Cafe Charlie Tea Worth A Visit?. 2020-11-14. TODAYonline.
  19. Web site: BreadTalk apologises for Lee Kuan Yew commemorative bun. 23 October 2016.
  20. Web site: Singaporeans say BreadTalk's Lee Kuan Yew bun is in poor taste. 26 March 2015 . 23 October 2016. https://web.archive.org/web/20161023210434/http://news.asiaone.com/news/singapore/singaporeans-say-breadtalks-lee-kuan-yew-bun-poor-taste. 23 October 2016. live.
  21. News: BreadTalk pulls buns commemorating Mr Lee Kuan Yew off shelves after receiving flak. The Straits Times . 25 March 2015 . 23 October 2016 . Baker . Jalelah Abu .
  22. Web site: BreadTalk® Singapore Apology for Lee Kuan Yew's themed bun. . https://ghostarchive.org/iarchive/facebook/118082901569262/958559957521548 . 2022-02-26 . limited. 23 October 2016.
  23. News: BreadTalk stops selling soya milk; confirms that item was repackaged from Yeo's packet drink. The Straits Times . 4 August 2015 . 5 August 2015 . Lim . Jessica .
  24. Web site: BreadTalk temporarily pulls bottled soya bean milk from shelves. https://web.archive.org/web/20151008082253/https://www.channelnewsasia.com/news/singapore/breadtalk-temporarily/2028008.html. 8 October 2015. 2019-09-22. live.
  25. News: BreadTalk says sorry for not-so-fresh soya milk. The Straits Times . 5 August 2015 . 5 August 2015 . Lim . Jessica .
  26. News: BreadTalk gets stern warning from Case. The Straits Times . 7 August 2015 . 7 August 2015 . Lim . Jessica .
  27. Web site: https://news.asiaone.com/news/singapore/soya-milk-mistake-serious-matter?xtor=EREC-16-1[Cxense_Newsletter-20150808-[soya-milk-mistake-serious-matter]&xts=542258 Soya milk 'mistake' a serious matter]. 8 August 2015. https://web.archive.org/web/20161220211400/http://news.asiaone.com/news/singapore/soya-milk-mistake-serious-matter?xtor=EREC-16-1%5bCxense_Newsletter%5d-20150808-%5bsoya-milk-mistake-serious-matter%5d&xts=542258. 20 December 2016. dead.
  28. Web site: Lim . Joyce . BreadTalk denies Shenzhen TV's allegations over oil . The Straits Times . 8 November 2020 . 22 August 2015.
  29. Web site: BreadTalk a client of firm selling expired food. 2021-06-15. www.szdaily.com.
  30. Web site: Awang . Nabilah . BreadTalk fined S$16,300 for repeatedly discharging illegal waste into sewers . Today . 8 October 2019 . 10 June 2019.