ST group to re-open 87 F&B outlets in three markets

The re-opening accounts for 74% of the group's total network.

ST Group Food Industries Holdings (ST Group) will selectively re-open the majority of its F&B outlets across Australia, New Zealand, and Malaysia by mid-May 2020, according to a press release.

The re-opening of the 87 outlets across these three markets account for approximately 74% of the group’s total network of 118 outlets. These will provide services ranging from takeaway, delivery and restricted dining-in options in accordance with the guidelines stipulated by the governments of the respective countries.

In Australia, a total of 57 outlets in the group’s network comprised of 25 PappaRich outlets, 16 NeNe Chicken outlets, two IPPUDO outlets, nine Hokkaido Baked Cheese Tart outlets, one KURIMU outlet, and four PAFU outlets have been given the approval to re-open under the first step of the Australian National Cabinet’s plan to ease COVID-19 restrictions.

The group also expects to re-open a total of 22 outlets in its network, comprising 16 Gong Cha outlets, five PappaRich outlets and one IPPUDO outlet in New Zealand, in line with the easing of restrictions in the country to Alert Level 2.

ST group will also recommence business in Malaysia starting with eight of the 11 NeNe Chicken outlets, as restaurants may reopen in the country for dine-in starting 4 May.

As at end June 2019, the geographical markets of Australia, New Zealand, and Malaysia accounts for approximately 99.8% of the group’s total revenue.