Audi, SAIC Launch China Innovation Hub for New AUDI Models 
Volkswagen Approves 50,000 More Job Cuts in Major Restructuring 
US Tech Giants’ AI Bond Boom Raises Euro Zone Borrowing Risks 
OPEC+ Expected to Hold October Oil Output Steady 
Japan, US Target AI and Chips in $550 Billion Investment Push 
Adobe Names Anil Chakravarthy CEO as AI Push Accelerates 
Asian Stocks Rise as Bond Yields Ease, Oil Prices Stabilize 
Turkey Targets 5% Economic Growth by 2029 
Asian Currencies Rise as Yen Surges on BOJ Rate Hike Bets 
Oil Prices Slip as Trump Eases Iran Supply Fears 
Treasury Yields Set to Stay High as Debt Supply Pressures Bond Market 
India Services PMI Rises to 54.1 as Hiring Accelerates 
Hong Kong Eyes Offshore Yuan Expansion, Deeper China Market Links 
Uranium Prices Could Top $100 as Nuclear Demand Grows 
U.S. Payrolls Seen Rebounding in August as Labor Market Stays Soft 
China Expands Influence in Global Gold Market 
Xiaomi Shares Jump on Europe EV Expansion Plan 
Add as a preferred source on Google
Paris Baguette, the bakery franchise owned by South Korea’s SPC Group, opened its 100th store location in the United States recently. The inauguration marks the bakery chain’s effort to accelerate its business overseas.
Paris Baguette is a leading brand in Korea’s bakery-cafe industry, and it is slowly making a name outside of the country as well. Moreover, with its newest store in the U.S. SPC Group said that it plans to build more until it reaches its target of setting up 1,000 branches in the American market by the year 2030.
The SPC Group said on Monday, Jan. 30, that launch of its 100th franchise outlet is a milestone for the brand. The newest branch is located in New Jersey, and it is called the Paris Baguette Red Bank.
As per The Korea Herald, the food manufacturing giant further disclosed that Paris Baguette has plans to sign additional 160 franchise deals this year alone. The aim is to build more bakery-cafes in new regions such as Colorado, North Carolina, San Diego, Los Angeles, Silicon Valley, Boston, New York, and other places in New Jersey.
The SPC Group first brought Paris Baguette to the U.S. in 2005, and it has since worked on boosting its presence in its chosen localities. It also exerted a lot of effort in making local consumers become aware of the brand.
The company’s hard work finally paid off when Paris Baguette secured the 25th spot in the 2022 Franchise Top 500 Ranking by the US Franchise Times. Aside from the U.S., the brand is also busy opening stores in the United Kingdom and some other countries in Asia.
"Global business is booming, with the US franchise surpassing its 100th store," an official at SPC Group stated. “The company will accelerate global businesses this year, including entering Canada and completing construction of factories in Malaysia.”
Photo by: Yeh Xintong/Unsplash
