Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
FDA Fast-Tracks Approval of Altria’s on! PLUS Nicotine Pouches Under New Pilot Program 
Bridgewater Associates Plans Major Employee Ownership Expansion in Milestone Year 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Toyota to Sell U.S.-Made Camry, Highlander, and Tundra in Japan From 2026 to Ease Trade Tensions 
Trump Signals Push for Lower Health Insurance Prices as ACA Premium Concerns Grow 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
FedEx Beats Q2 Earnings Expectations, Raises Full-Year Outlook Despite Stock Dip 
Elon Musk Wins Reinstatement of Historic Tesla Pay Package After Delaware Supreme Court Ruling 
Tous Les Jours, a South Korean bakery franchise company owned by CJ Foodville, is opening five new stores in Cambodia as part of its global expansion. It was reported that CJ Foodville and the Express Food Group (EFG) signed a new master franchise agreement for the new outlets to start operations by this year.
Partnership with EFG
Tous Les Jours announced its latest deal with EFG, a Cambodian restaurant franchise company, on Monday, April 29. According to The Korea Economic Daily, CJ Foodville first entered the Cambodian market in 2011. Under the new master franchise agreement, it aims to strengthen its local brand power in the territory while boosting its foothold in Southeast Asia.
Through its partnership with EFG, Tous les Jours opened its first two outlets in Cambodia. The new branches in Phnom Penh were launched last week in Kam Puchea Kroum and Toul Tom Poung. These are the first locations for CJ Foodville's French-inspired restaurant-bakery brand.
Strategic Locations in Cambodia
The Korea Herald reported that the new stores feature a hybrid cafe-bakery concept. Customers are offered a wide variety of bakery products, with more than 400 items in the selections.
The Kam Puchea Kroum is located in Phnom Penh's commercial area, while the Toul Tom Poung outlet is within the residential zone. Three more branches are expected to open before 2024 ends.
"The new leap in Cambodia is significant in that it provides a bridgehead for expansion to nearby Southeast Asian countries," Maeil Business News Korea quoted a CJ Foodville official saying in a statement. "We will also lead a new K-bakery trend in Cambodia based on differentiated product power and business performance already proven in Southeast Asia such as Vietnam and Indonesia."
Photo by: Curlyrnd/Wikimedia Commons (CC BY-SA 4.0)
