Paris Baguette is a well-known bakery chain that has been expanding globally over the years. With its delicious pastries and cakes, it has become a favorite go-to spot for many people.
But have you ever wondered who owns Paris Baguette? In this article, we will explore whether Paris Baguette is Korean owned or not.
History of Paris Baguette
Before diving into whether Paris Baguette is Korean owned, let’s take a brief look at its history. Paris Baguette was founded in 1988 in South Korea by Hur Young-In.
The bakery chain started as a small shop in the outskirts of Seoul and gradually expanded across South Korea. Today, it has over 3,500 stores worldwide, including in the United States, China, Singapore, Vietnam, and more.
Acquisition by SPC Group
In 2015, SPC Group, a South Korean food conglomerate that operates various food and beverage businesses in Asia and the United States acquired Paris Baguette. SPC Group is also known for its other brands such as Dunkin’ Donuts Korea and Baskin Robbins Korea.
After the acquisition, there were some concerns among customers about whether Paris Baguette would change its menu or quality due to new ownership. However, SPC Group assured customers that they would maintain the same standards and quality that made Paris Baguette popular.
Current Ownership of Paris Baguette
So to answer the question – Is Paris Baguette Korean owned? Yes, it is currently owned by SPC Group which is a South Korean company. However, it’s important to note that just because a company is owned by one country doesn’t necessarily mean it represents only one culture or ethnicity.
Paris Baguette has become popular globally due to its unique fusion of both French and Korean flavors. The bakery chain has also incorporated various cultural elements in its store designs, such as traditional Korean ceramic tiles and French architecture. Therefore, Paris Baguette represents both Korean and French cultures, making it a unique and diverse brand.
Conclusion
In conclusion, Paris Baguette is currently owned by SPC Group, a South Korean company. However, the bakery chain represents both Korean and French cultures through its menu and store designs. Whether you’re craving a classic croissant or a Korean-inspired pastry, Paris Baguette has something for everyone to enjoy.