The primary retailer of South Korea’s well-known quick meals chain Lotteria in Singapore is ready to be opened within the second quarter subsequent yr.
Meals and beverage firm Katrina Group has inked a non-binding time period sheet with a restaurant enterprise of Lotte Group to deliver the chain to the city-state, it stated in a information launch Wednesday.
Established in 1979, Lotteria focuses on hamburgers, fried hen, and fries, and presently operates 1,600 retailers throughout seven international locations, together with Vietnam, Cambodia, and Myanmar.
“Given the model’s huge reputation in South Korea and its emphasis on high quality, innovation and buyer satisfaction, we’re assured that Lotteria will resonate with Singaporeans and additional improve our F&B portfolio,” stated Alan Goh, CEO and founding father of Katrina Group.
Katrina Group operates seven meals and beverage manufacturers in Singapore, together with Bali Thai, Day by day Rooster, and Vietnamese-style noodles chain So Pho.
Earlier this month U.S. hen sandwich chain Chick-fil-A introduced plans to launch its first Singapore restaurant late subsequent yr as a part of its US$75 million funding to enter Asia.
