ST Group to open ten new outlets by September
The company has a network of 118 outlets.
ST Group announced it will open 10 new food and beverage outlets by September, in a push to expand its operations across Australia, New Zealand and the United Kingdom.
In Australia, three outlets will be launched, with one outlet each under the KURIMU, PappaRich and Go Noodle House brands.
Four Gong Cha outlets and one Ippudo outlet will be opened in New Zealand whilst two additional Gong Cha stores will be opened in the UK.
“The majority of outlets in our network have recommenced business operations as lockdown measures in our key geographical markets are being eased gradually,” ST Group executive chairman and CEO Tatt Ghee Saw said.
"Amid the adversity, we have identified several opportunities to expand our F&B operations. For these new outlets, we have also been able to secure favourable lease terms with the various landlords by leveraging the scale of our business operations."
Of the 10 new outlets, five will be owned and operated by the group whilst the other five will be owned and operated by sub-franchisees or sub-licensees.
As at 24 June, the group has a network of 118 outlets, comprising 46 group-owned outlets and 72 outlets owned by its sub-franchisees and sub-licensees. Of the outlets in its network, 109 outlets have reopened, representing approximately 92.4% of their total network.
