ST Group to reopen 87 F&B outlets in 3 major markets

Major food services group, ST Group Food Industries Holdings (ST Group) is reopening most of its stores across Australia, New Zealand and Malaysia by mid-May 2020.
The re-opening of the 87 stores across the 3 markets accounted for approximately 74% of the group’s total network of 118 outlets. They will provide services ranging from takeaway, delivery and restricted dining-in options in accordance with the guidelines stipulated by the various governments.
In Australia, a total of 57 outlets in the group’s network which comprised of 25 PappaRich outlets, 16 NeNe Chicken outlets, 2 IPPUDO outlets, 9 Hokkaido Baked Cheese Tart outlets, one KURIMU outlet, and 4 PAFU outlets have been given the approval to re-open.
The group also expects to re-open a total of 22 outlets in its network comprising 16 Gong Cha outlets, 5 PappaRich outlets and one IPPUDO outlet in New Zealand, in line with the easing of restrictions in the country.
ST grouphas also start its operation in Malaysia starting with 8 of the 11 NeNe Chicken outlets.
In 2019, the geographical markets of Australia, New Zealand and Malaysia accounted for more than 90% of the group’s total revenue.