Arges Private Equity has become CJ Foodville's second-largest shareholder after purchasing a 12.3 percent stake.
Korean bakery cafe chain Tous les Jours opens its first store in Calgary, Canada, with plans to expand to Toronto and Vancouver. They aim to have 120 branches in North America by the end of 2021.
Big Korean bakeries such as CJ Foodville and SPC are expanding manufacturing facilities abroad to meet increasing demand for their products.
With their popularity in a free fall amid the pandemic, buffet restaurants are now trying to claw their way back to profitability by abandoning buffets.
Korea JoongAng Daily Sitemap