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 SINGAPORE
FRANCHISE NEWS ARCHIVE
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: : 2003
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BreadTalk enters restaurant business. From bread to
bao, BreadTalk's founder George Quek has taken on another food-related
business, launching the renowned Din Tai Fung restaurant. .... [more]
26 Sep, 2003
Econ Minimart undergoes makeover. Mainboard-listed PSC
Corp is updating the image of its heartland icon, Econ Minimart, and
has lowered franchising costs, hoping to revive its fading business.
.... [more]
20 Sep, 2003
Wanted: partners for brands and franchises. Homegrown
businesses will join the world's top brands at Global Franchising
and Licensing 2003 at Suntec Singapore from tomorrow to Friday to
look for partners for overseas expansion. .... [more]
16 Sep, 2003
Brewing a new cuppa for tea drinkers. If Samuel Wong
could read the messages in the tea leaves, he would have brewed his
bubble tea of the last few years with a bit more patience. .... [more]
16 Sep, 2003
Robinson's high hopes may fall short. Looking at the
sharp jump in Robinson & Co's share price yesterday, it may be
tempting to conclude that the retail group's plan to sell all its
stores within six months and return cash to shareholders is a 'sure-win'
bet. .... [more]
16 Sep, 2003
Business Across Borders. Global Franchising & Licensing2003
(GFL2003) will stretch business opportunities across borders when
it hits Singapore September 17 to 19. .... [more]
11 Sep, 2003
McDonald's sees red over small food company's Mac-names.
Fastfood giant McDonald's Corp. is trying to stop a Singapore company
from labelling its instant beverages and food products MacTea, MacChocolate
and MacNoodles. .... [more]
4 Sep, 2003
BreadTalk: taking the lucrative chatter abroad. Is George
Quek's BreadTalk phenomenon in danger of being overbaked? .... [more]
22 Aug, 2003
Sars eats into BreadTalk's H1 profit. The dough failed
to rise for BreadTalk Group in the half year ended June 30, with the
newly-listed company blaming the Sars outbreak on a 74.2 per cent
plunge in net profit. .... [more]
21 Aug, 2003
Kaya war spreads. From humble coolie fare to food for
the cool, kaya toast has become big business for eatery chains Killiney
Kopitiam and Ya Kun Kaya Toast. .... [more]
17 Aug, 2003
JEL eyes IPO to strengthen emerging market presence.
Mainboard aspirant JEL Corporation began as a photographic products
distributor in Singapore - but co-founder and chief executive Eric
Tan soon wanted more. .... [more]
12 Aug, 2003
KFCH directors buy 10.19pc stake in company from GSIC.
Two directors of KFC Holdings (Malaysia) Bhd (KFCH), yesterday purchased
a 10.19 per cent stake in the company from the Government of Singapore
Investment Corp (GSIC), in an off-market deal. .... [more]
5 Aug, 2003
Will Osim sustain remarkable growth? When Ron Sim's
Osim International announced its half-year results early last week
to a mix of media, analysts and investors, quiet murmurs of excitement
rippled through the crowd. .... [more]
28 Jul, 2003
New business plan is viable, says Horizon. The directors
of education services provider Horizon Education and Technologies
believe it should be able to continue operating as a going concern
in the foreseeable future, Horizon said yesterday in a statement.
.... [more]
12 Jul, 2003
PSC changes name, approves option scheme. Provisions
Suppliers Corporation (PSC), which has changed its name to PSC Corporation,
says its hotly debated PSC executives' share option scheme was approved
during an emergency general meeting yesterday. .... [more]
9 Jul, 2003
Toast of the town. Ya Kun Kaya Toast has carved a niche
in the F&B market, Daniel Buenas discovers. .... [more]
24 Jun, 2003
The right to conquer Asia for a song. For about $1.70,
or one Irish punt, Hugh Hoyes-Cock secured the master franchise rights
for O'Briens Irish Sandwich Bars for all of Asia excluding Japan and
Australia. .... [more]
16 Jun, 2003
Franchises going places. The Franchising and Licensing
Association in Singapore says that about 500 new franchise operations
opened here last year. .... [more]
8 Jun, 2003
After the hard work, it's the sweet smell of success.
From stroking clients' egos as an advertising agency director, Mr
Darius Chua, 33, went to stoking fires, producing a toast with a distinctive
light crispness. .... [more]
8 Jun, 2003
Money woes, legal battles signal crisis for parent of Shakey's
pizza chain. Mounting debts, costly lawsuits and large sell-offs
of stock by directors of Inno-Pacific Holdings, the Singapore-based
parent company of Shakey's, Inc., signal the company is in great financial
distress. .... [more]
6 Jun, 2003
BreadTalk to raise $6.4m from Sesdaq offer. After all
the talk, here is the dough. BreadTalk Group, a chain of boutique
bakeries, is launching its initial public offering today. .... [more]
4 Jun, 2003
Successful partnership born out of adversity. The Success
Shop is almost a contradiction in terms - it was the result of the
merger of two ailing businesses, by two people of different genders,
who are also of different races and who have different personalities
and working styles. .... [more]
19 May, 2003
More drawn to take up franchises. Mr Allan Lee was an
IT consultant when his company folded last year and he was retrenched.
Next year, you may well see him serving up kopi and kaya toast as
the owner of a Ya Kun Kaya Toast franchise. .... [more]
19 May, 2003
BreadTalk plans to list on Sesdaq this year. The public
could soon get a slice of BreadTalk when the boutique bakery chain
seeks to raise some dough through a Sesdaq listing later this year.....
[more]
14 May, 2003
KUB to close down A&W outlets in S'pore. KUB Malaysia
Bhd will close down its five A&W outlets in Singapore this month due
to their huge losses and is likely to look for new partners to operate
its 29 outlets in Thailand. .... [more]
8 May, 2003
Is Informatics veering off course? Is the business model
which has sustained Informatics Holdings for the last 10 years coming
apart at the seams? Is its relentless pursuit of geographical expansion
leaving its bottom line vulnerable? .... [more]
25 Apr, 2003
PSC ventures out of the mini-mart world. Mention Provisions
Suppliers Corporation and the neighbourhood grocery store Econ Mini-mart
springs to mind. .... [more]
19 Apr, 2003
Informatics seen retaining growth potential despite earnings
caution. The stock of education group Informatics has shed
20 per cent since the firm revealed on April 11 that second-half and
full-year profit will come in below earlier expectations. .... [more]
17 Apr, 2003
A pioneering S'pore retail chain bites the dust. Budget
retail chain One.99 Shop has succumbed to debts totalling $3 million
and went into receivership on Monday. .... [more]
16 Apr, 2003
SARS not all bad for business. Airlines, hotels, shopping
malls and restaurants are being hit hard by a terrifying viral outbreak
across East Asia, but other businesses are enjoying an unexpected
boom. .... [more]
13 Apr, 2003
Hartford adds spice to battle for education market.
If you think Sesdaq aspirant Hartford Holdings bears some resemblance
with mainboard-listed Informatics Holdings, you're not far off the
mark. .... [more]
12 Apr, 2003
Specialty Beans plans more coffee outlets. Specialty
Beans Holdings Sdn Bhd, the master franchisee for Gloria Jean's Coffees,
expects to have a total of 8 to 10 sub-franchisee outlets per year
in Malaysia, Singapore, Thailand and Brunei. .... [more]
9 Apr, 2003
Global Active to go ahead with IPO in Q3. Global Active
Ltd, which sold about a third of itself to an investor last week,
said it will proceed with an earlier plan to sell shares to the public
in the third quarter after a delay. .... [more]
4 Apr, 2003
Dairy Farm to invest US$50mil in 100 stores. Dairy Farm
Inter-national Ltd will invest US$50mil this year to establish up
to 100 new stores in South Asia, according to its South Asia regional
director Michael Kok. .... [more]
2 Apr, 2003
Osim still on the buy list as it spreads its wings.
OSIM has just accelerated its move into the health supplements segment
by purchasing a 29.9 per cent stake in General Nutrition Centre (GNC)
franchise owner, Global Active, for $9.6 million. .... [more]
1 Apr, 2003
Harvey Norman's flagship sails on. For cynics out there
betting that Harvey Norman's giant 55,000 sq ft store at Millenia
Walk will soon downsize given the economic slowdown, think again.
.... [more]
31 Mar, 2003
PSC slumps to a loss of $3.7m. Provisions Suppliers
Corp (PSC), which operates the Econ Mini-mart franchise, has slumped
to a net loss of $3.7 million in 2002 from a net profit of $6.3 million
previously. .... [more]
25 Mar, 2003
Global Active lodges amended listing prospectus. Global
Active is likely to launch its initial public offer on the Singapore
Exchange's mainboard in late February or early March. .... [more]
10 Feb, 2003
Taking a shine to silver. Roberto Perlini brought silver
jewellery to the fashionable masses, by way of dropping out of university
and marrying a Singapore-based woman. .... [more]
25 Jan, 2003
Bally Total Fitness Builds on Global Expansion Efforts with
New Franchised Clubs in Southeast Asia. Bally Total Fitness
today announced that it will be expanding its current franchising
efforts within Southeast Asia, launching new health clubs in Taiwan,
Thailand, Singapore, Malaysia and the Philippines. .... [more]
17 Jan, 2003
Sushi from sea to shining sea. Sakae Sushi founder Douglas
Foo tells Arthur Poon about his plan to expand the chain outside Singapore
through franchising. .... [more]
16 Jan, 2003
A fresh idea for hot buns. When George Quek opened the
first outlet of BreadTalk in mid-2000 at Parco Bugis Junction, his
aim was nothing less than to transform the way people here bought
bread. .... [more]
16 Jan, 2003
Osim expects turnover to grow. Singapore-based Osim
Inter-national Ltd expects the turnover from its Malaysian market
to grow by 30% to 50% for the financial year ending Dec 31, 2003.
.... [more]
14 Jan, 2003
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