SPC Group expressed "deep regret" for the prosecution's attempt to acquire an arrest warrant for its chairman, Hur Young-in, for alleged union busting.
Prosecutors on Tuesday issued an arrest warrant for Hur, who allegedly forced bakers at Paris Baguette, a bakery chain run by SPC Group, to withdraw from the labor union.
SPC Group, which runs the Korean bakery chain Paris Baguette, said the franchise is advancing into Italy in partnership with local coffee chain Pascucci.
Discussions will be held between Pascucci's CEO and SPC Group chairman Hur Young-in to explore avenues of business collaboration between the two entities, both within Korea and Italy, according to the Korean bakery giant on Tuesday.
The Korean bakery chain cut the ribbon on its 160th store in the U.S. as it aims to capitalize on the island state's appeal.
SPC Group Chairman Hur Young-in has been cleared of charges related to instructing the sale of affiliate shares to evade gift taxes in the first trial.
A Seoul court nullified a $48.6 million fine imposed on SPC Group due to the FTC's allegations of unfair transactions, citing a lack of evidence to support the regulator's claim.
SPC Samlip's Pokémon breads were the best-selling bread product in retail last year with an annual sales volume of 110.8 billion won ($82.8 million), up 28.7 percent on year.
Prosecutors raided the headquarters of bakery giant SPC Group as part of an investigation into allegations of union-busting by its affiliate PB Partners.
SPC Group has separated its successful Shake Shack burger franchise operations in Korea, establishing a distinct entity named Big Bite Company.
Korea JoongAng Daily Sitemap