MENU

Breadtalk Targets More Dough

breadtalk-hqBreadtalk Group Limited (SGX: 5DA) had the honour of inviting Singapore’s Deputy Prime Minister and Minister for Finance, Mr Tharman Shanmugaratnam, to open its new S$67 million international headquarters at Paya Lebar last week. 

Utilization of the HQ

The iconic building, which received the BCA Green Mark Gold Award this year, was designed to integrate the group’s corporate office, R&D laboratories, training academy, warehousing facilities and central kitchens all under one roof. It also functions as the strategic core of the group’s local and global operations, where culinary innovations are developed, tested and launched.

On top of that, the 10-storey BreadTalk IHQ is also a lifestyle-and-dining centre with its ground floor level devoted to showcasing the Group’s F&B brands – namely, Din Tai Fung, RamenPlay, BreadTalk, Toast Box and Food Republic – with a seating capacity for more than 550 diners. The second level houses familiar tenants such as UOB, Cherie Hearts Little Play House, and other lifestyle services.

Future Plans

The SGX mainboard listed company announced that it is targeting S$1 billion in revenues within 3 years. The bakery-cum-F&B chain, which currently has 746 outlets, also predicts to have at least 2,000 outlets by 2019. The Breadtalk group intends to continue accelerating its growth international and locally. Markets such as India, Japan and the US will be possible candidates.

Group Chairman, George Quek says, “The company has seen consistent annual revenue growth of 20 to 25 per cent. So far, in the first half of this year, the company posted a 17 per cent revenue growth to $S246.8m from the same period in 2012 which saw revenue of $S211 million”.

Foolish Bottom-Line

Do you enjoy starting your day with some toast and coffee at Toast Box? Are you impressed with the company’s expansion plans? If so, then that could warrant taking a closer look at Breadtalk, which is a household name that Singaporeans can be proud of.

Click here now  for your   FREE  subscription to Take Stock Singapore, The Motley Fool’s free investing newsletter. Written by  David Kuo ,   Take Stock Singapore  tells you exactly what’s happening in today’s markets, and shows how you can GROW your wealth in the years ahead.  

Like us on Facebook   to keep up-to-date with our latest news and articles. The Motley Fool’s purpose is to help the world invest, better.

The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.   Motley Fool Singapore contributor James Yeo doesn’t own shares in any companies mentioned.