Breadtalk opens third out­let in Yangon, tar­gets eight more

The Myanmar Times - Weekend - - Business - KANG WAN CHERN chern@mm­

SIN­GA­PORE-OWNED bak­ery chain Breadtalk Myan­mar to­day opened its third Yangon out­let at the Myan­mar Plaza shop­ping mall.

The out­let is its third in Yangon af­ter open­ing in Junc­tion City and in Crys­tal Tower, which is next to Junc­tion Square, in April and Novem­ber 2017, re­spec­tively.

Within this year and next, Breadtalk plans to open eight more out­lets, in­clud­ing in other cities, said Daw Su Myat Noe, Mar­ket­ing Man­ager of Breadtalk.

She added that Breadtalk has served ap­prox­i­mately 560,000 cus­tom- ers in Yangon since the open­ing if its first out­let last year. The com­pany’s aim is to cap­i­talise on strong con­sumer de­mand for its cakes and pas­tries, which are priced for the mass mar­ket.

Breadtalk Myan­mar is op­er­ated by Myan­mar Bak­ery Co, a mem­ber of the Shwe Taung Group. Myan­mar Bak­ery holds the mas­ter fran­chise to de­velop and op­er­ate Breadtalk in Myan­mar.

Break­talk Group is listed on the Sin­ga­pore Ex­change. It cur­rently runs 337 out­lets in South­east Asia, com­pared to 119 out­lets in Sin­ga­pore and 341 out­lets in China.

For the first three months of this year, it an­nounced rev­enues to­tal­ing S$148.5 mil­lion, un­changed from the same pe­riod the year be­fore. Earn­ings, how­ever, dipped sub­stan­tially for the pe­riod, to just S$1.2 mil­lion from over S$10.8 mil­lion last year, due to clo­sures of sev­eral out­lets in China.

Shares of Breadtalk closed yes­ter­day at S$1.04 each, which is up by more than 20pc since the start of the year.

Newspapers in English

Newspapers from Myanmar

© PressReader. All rights reserved.