NTUC Enterprise to buy food court operator Kopitiam
NTUC Enterprise is set to acquire home-grown food court operator Kopitiam Investment and its subsidiaries by the end of this year, said both companies in a joint statement on Friday (21 September). With the deal, Kopitiam’s 56 food courts, 21 coffeeshops, three hawker centres and two central kitchens will be under NTUC’s portfolio. The sum of the deal was not disclosed.
“The acquisition of Kopitiam complements NTUC Enterprise’s existing cooked food operations by NTUC Foodfare. Kopitiam and NTUC Foodfare share the common objective of making quality cooked food affordable and accessible to all,” said Kee Teck Koon, Executive Director, NTUC Enterprise.
One of NTUC Foodfare’s initiatives is to offer budget meals from $2 and $2.80 at coffee shops and new hawker centres, respectively. NTUC Foodfare is also looking to expand its healthier food options, such as the distribution of diabetic-friendly meals.……
Singapore Business NTUC Hawker centre Food & Beverage
Leave a comment in Nestia App