NVIDIA Stock on Track for $170 by March: Mizuho Highlights Record AI Earnings as Key Driver 
Trump’s FTC Pick Andrew Ferguson Takes Aim at AI, Big Tech, and Social Media’s Hidden Crisis 
Banking Crisis Warning? U.S. ‘Problem Bank’ List Adds More Names as Profits Dip in Alarming Trend 
Mark Zuckerberg and Elon Musk Challenge Sam Altman’s $157 Billion OpenAI Over Profit Ambitions 
Trump’s USPS Privatization Drive Could Endanger Rural Deliveries, E-Commerce Giants Like Amazon 
Tesla’s Cybertruck China Filing Fuels Buzz Over Long-Awaited Market Launch 
Amazon’s Shocking $1 Million Donation to Trump’s Inauguration Sparks Outrage: 'Bezos’ True Agenda Exposed' 
Zelenskyy Pushes for Ukraine’s Grain to Aid Syria as Russia's Wheat Exports Halt After Assad 
Yoon Out, Han In: South Korea’s Acting Leader Talks Alliance Power Play with Biden 
Advanced Techniques for Optimizing Returns through Copy Trading Algorithms 
Winter Family Holidays: Make the Memories Last 
Mortgage Rates Plummet to 6.60%: Could This Be the Boost the Housing Market Desperately Needs? 
Trump Warns Migrant Refusing Nations: 'No Business, Big Tariffs!' Is This the Ultimate Immigration Crackdown?’ 
Xiaomi YU7 Delayed Until 2025 in China: What’s Holding Back This Electric Crossover? 
Central Banks React: Coordinated Rate Cuts Signal Global Economic Caution 
Meta Unveils Meta Motivo AI: Redefining Realism for Metaverse Avatars 
SPC Group, a South Korean food company, bought Lina's, a French sandwich and salad restaurant franchise. The acquisition was revealed by the company on Tuesday, June 7.
As per The Korea Times, Lina's first landed in South Korea in the year 2002 after SPC Group secured a master franchise contract with Lina's Development. The company was able to operate several of the brand's sandwich and salad restaurants in the country.
Now, after two decades of operating the business as a franchisee, the SPC Group made the decision to acquire the restaurant chain through SPC Euro, the company's overseas company that is based in France.
The food and confectionery company is planning to expand its domestic and international business for Lina's while applying the brand's franchise techniques and its extensive experience in the food service industry. SPC believes that by doing so, it will be able to create synergy with its own bakery chain, which is the Paris Baguette, not only locally but globally as well.
"Lina's 30 years of technology in the food business and its experience in the French market will help SPC Group to expand its global business including to Europe," Jack Francis Moran, SPC Group's executive vice president of global strategy & development, said in a statement. "We will continue to make active investments to acquire more international brands while entering new markets to strengthen our global business."
In any case, as part of its plans, the SPC Group will make Lina's Development an international center to explore and develop new French dishes and adapt the recipes for the Paris Baguette chain menu. After this, the company will then expand its Paris Baguette brand in Europe, North America, and Southeast Asia.
Meanwhile, The Korea Economic Daily reported that the acquisition of Lina's SPC has earned the right to recruit new franchisees in some areas. With this, the company will be able to expand Lina's more easily.
At this time, there are around 30 Lina's restaurants in four countries that includes South Korea, France, Colombia, and Lebanon. More locations are expected to be added to the list once SPC completes its takeover and starts working towards its global expansion goals.
