BHP Faces Port Hedland Strike Threat as Iron Ore Export Risks Grow 
Oil Prices Rise as U.S.-Iran Conflict Fuels Strait of Hormuz Supply Fears 
OpenAI GPT-5.6 Set for Wider Release After U.S. Commerce Approval, Report Says 
Dollar Ends Week Higher as Yen Jumps on Japan Pension Fund Investment Plans 
European Regulators Clash With U.S. Treasury Over Private Credit Transparency 
Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth 
AstraZeneca Shares Sink After Wainua Trial Misses Key Heart Disease Goal 
Fed Chair Kevin Warsh Launches Task Forces to Overhaul U.S. Monetary Policy Framework 
Apple Sues OpenAI, Former Employees Over Alleged Trade Secret Theft 
SK Hynix’s $28B U.S. IPO Draws Strong Demand as AI Chip Boom Fuels Investor Interest 
Nvidia Invests $500M in Firmus Technologies Ahead of Planned ASX IPO 
Oil and LNG Tankers Turn Back as Strait of Hormuz Security Risks Escalate 
Asian Stocks Slip as Iran Tensions, Samsung Weakness and Fed Caution Weigh on Markets 
Oil Prices Slip but Stay on Track for Weekly Gains as U.S.-Iran Conflict Persists 
Japan Producer Inflation Hits 7.1% in June, Fueling BOJ Rate Hike Expectations 
OpenAI Executive Fidji Simo to Step Down Amid Health Challenges Ahead of IPO 
Bain Capital Exits Kioxia After AI-Fueled Valuation Surge 
Paris Baguette is one of the leading and largest bakery chains in South Korea, and it is now expanding to Indonesia. Through a partnership deal between the bakery’s operator, which is SPC Group, and Indonesia’s local firm, the Erajaya Group, the brand will be coming to Asia’s “The Emerald of the Equator” soon.
Paris Baguette and Erajaya Group will enter a joint venture agreement for the Korean bakery’s expansion across Southeast Asia. This is the company’s latest move as part of its plans to expand outside of S. Korea further.
According to The Korea Times, the SPC Group revealed on Monday, Oct. 18, that Paris Baguette Singapore LTD, the group that manages the bakery chain’s Southeast Asia operations and Erajaya Food and Nourishment (EFN), agreed on a deal for a joint venture.
Paris Baguette Singapore established PT Era Boga Patiserindo to form the joint company with EFN. Thus, the very first Paris Baguette outlet in Indonesia will be opened by PT Era Boga Patiserindo in November. The first store will be put up in Jakarta, and more outlets will follow in other major cities such as Sumatra and Bali.
Indonesia will become the seventh country to have Paris Baguette as the brand is already present in countries including the United States, France, China, Singapore, Vietnam, and Cambodia. All in all, the bakery chain has a total of 430 stores today.
“We are honored to partner with Paris Baguette to expand its footprint in Indonesia,” Korea Joongang Daily quoted Erajaya Food and Nourishment chief executive officer Gabrielle Halim as saying in a statement. “Their commitment to innovation and quality is in line with our vision to become a leading F&B player in Indonesia. We are certain the food lovers in Indonesia will welcome and enjoy Paris Baguette’s fresh concept and unique offerings when we open our first stores shortly.”
Hur Jin Soo, Paris Baguette’s operator SPC Group’s executive vice president, also said that they see high potential in Indonesia with the opening of the bakery since it is the largest market in Southeast Asia. He added that they will further boost the brand’s global business and will build a new factory in Malaysia as well.
