, Korea

South Korea’s bakeries rapidly expands to foreign markets

For instance, Tous Les Jours is selling two to three times more than competitors.

South Korea’s leading bakeries have been speeding up efforts to expand in foreign markets, amidst a rising number of Americans and Europeans buying sweet-flavored Korean bread for snacks, Korea Bizwire reported.

Paris Baguette, which currently operates 429 stores across six countries including France, has stores in New York’s consumption hotspots including Times Square and Upper West Side.

Meanwhile, Tous Les Jours runs some 280 stores across six countries including the US and has been profitable for the last three years, the article noted. The bakery sells more than 300 items, which is two to three times more than its main competitors.

Meanwhile, South Koreans have been replacing rice with bread to spend less time making meals at home. Unlike Korean bread, European bread usually does not have filling, and is consumed in Europe as part of meals instead of as a snack, the article noted.
 

Follow the link s for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

India’s e-commerce market to reach $147.3b in 2024
It will be driven by the expanding internet penetration and better digital payment infrastructure.
E-commerce
Food colors market to reach $5.42b by 2031
Still, the market growth is constrained by strict regulations.

Exclusives

Brands told to come clean about beauty care
Consumers are more discerning and can easily spot fake ingredient claims.
Swarovski cracks TikTok to scale luxury amongst Gen Zs
The Austrian glassmaker is working with influencers to connect with the Singaporean market.
Starbucks Korea opens high-tech store in Seoul
Its first reserve-only branch features AR art installations and a Mixology Bar.
Decathlon gets closer to hybrid Singaporean shoppers through pick-up service
The world’s largest sporting goods retailer lets clients pick up online orders on the go.Decathlon is building on the success of its pick-up service in Singapore as it progresses toward its target of having 37 locations in the city-state in the next two years, its top official said.