Competition watchdog seeks public feedback on BreadTalk's S$80 million acquisition of Food Junction

SINGAPORE: The Competition and Consumer Commission of Singapore has asked the public for feedback on BreadTalk Group's proposed acquisition of food court operator Food Junction Management .on Sep 2 its intention to acquire FJM for S$80 million through its subsidiary Topwin Investment Holding.

"The parties directly operate only a very limited number of stalls within their own premise," Topwin said. They added that consumers are highly sensitive to factors such as price, convenience, variety and quality of food offered, and will"virtually face no cost" should they switch to another food provider available to them within walking distance.With regards to the rental of stalls, Topwin said there are"no restrictions" on tenants switching to another food court or coffee shop operator upon expiry of their contracts.

The BreadTalk Group operates food courts under the Food Republic and Food Opera brands across Singapore, Malaysia, China, Taiwan, Cambodia and Thailand.

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Competition watchdog seeks public feedback on BreadTalk's proposed acquisition of Food JunctionSINGAPORE - The Competition and Consumer Commission of Singapore is inviting public feedback on BreadTalk Group's proposed acquisition of Food Junction Management for $80 million.. Read more at straitstimes.com.
Fonte: The Straits Times - 🏆 8. / 63 Consulte Mais informação »