SEOUL, June 7 (Yonhap) — South Korean food and beverage giant SPC Group announced on Tuesday that it has acquired French restaurant chain Lina’s to accelerate its global business.
SPC Group, operator of the Paris Baguette bakery chain, said its European holding company SPC Euro had acquired a 100% stake in Lina’s Developpement, owner and operator of the restaurant chain which offers sandwiches, salads and specialty coffees.
Lina’s, founded in 1989 in Paris, is present in three countries: South Korea, Colombia and Lebanon.
SPC has been leading South Korean operations since 2002.
Based on the expected synergy the acquisition is expected to create, SPC said it will expand its presence in the European market and enter the North American and South Asian markets.
The company also said it will capitalize on Lina’s expertise and know-how to further develop new bread dishes and salads for introduction in its famous chain of Paris Baguette bakeries around the world.
The SPC Group has been working to strengthen its global business.
It operates approximately 430 Paris Baguette stores in seven countries, including the United States, China, France and several Asian countries.
Last month, it opened three more Paris Baguette stores in Indonesia, bringing the total to seven in the country, which it entered in 2021.
SPC also operates the premium burger chain Shake Shack in South Korea, Singapore and Malaysia.
The company said it will continue to make aggressive investments and target more acquisitions in the future.