Paris Baguette’s Lexington Avenue department in Manhattan, US (SPC Group)
South Korean meals big SPC Group mentioned Sunday its coffeehouse-to-bakery model Paris Baguette has ranked twenty fifth among the many greatest franchise manufacturers evaluated by the US-based journal Franchise Instances.
In keeping with the Franchise Instances Prime 500, an annual rating of the most important franchise manufacturers by gross sales within the US, Paris Baguette’s rating jumped 13 spots from final yr’s thirty eighth. Its rating is the very best amongst Korean manufacturers within the record this yr.
“Our 77 years of baking know-how, environment friendly bakery administration and lively analysis and growth are paying off within the US, probably the most engaging county for franchising,” mentioned an official from SPC Group in an announcement.
“We are going to increase our footing within the North American market together with US and Canada, and enhance international enterprise by joint ventures, grasp franchise offers and different a number of channels.”
Getting into the US in 2005, Paris Baguette now operates 100 shops within the nation, with branches in main business districts together with Instances Sq., Midtown and Higher West Facet in Manhattan, New York, and downtown LA.
Paris Baguette additionally arrange a department in Canada in a transfer to safe a agency footing in key markets for international enlargement. By 2030, the model goals to open a complete of 100 shops in main cities, together with Toronto, Vancouver, Quebec Metropolis and Montreal.
By Byun Hye-jin (firstname.lastname@example.org)