Have you ever wondered who owns Paris Baguette, the popular bakery chain known for its delectable French-inspired pastries and baked goods? Well, wonder no more! In this article, we’ll take a closer look at the ownership of Paris Baguette and discover some interesting facts about this beloved brand.
Paris Baguette: A Brief Overview
Before diving into the ownership of Paris Baguette, let’s first take a brief look at the company’s history and what makes it so special.
Paris Baguette was founded in 1988 in South Korea by a husband-and-wife team, Kim Tae-hyun and his wife. They opened their first store in Seoul, which quickly became popular thanks to its unique blend of French-inspired pastries with Korean flavors. The company has since expanded to over 4,000 locations worldwide, including in the United States.
What sets Paris Baguette apart from other bakeries is their commitment to using high-quality ingredients and traditional baking methods to create their signature pastries. From croissants and macarons to cakes and tarts, each item is made with care and attention to detail.
Who Owns Paris Baguette?
Now that we have a better understanding of what makes Paris Baguette so special, let’s dive into who actually owns this beloved bakery chain.
Paris Baguette is owned by SPC Group, a South Korean conglomerate that operates several other food-related businesses in addition to Paris Baguette. SPC Group was founded in 1945 as Samlip Food Co., Ltd., which initially focused on producing flour-based products such as noodles and bread. Over time, the company expanded into other areas such as food service management, catering services, and franchising.
In 1988, SPC Group acquired Paris Croissant Co., which owned Paris Baguette at the time. This acquisition allowed SPC Group to expand into the bakery business and tap into the growing demand for French-inspired pastries in South Korea and beyond.
Today, Paris Baguette is just one of many brands under the SPC Group umbrella. Other notable brands include Baskin-Robbins Korea, Dunkin’ Donuts Korea, and Shake Shack Korea.
The Future of Paris Baguette
With over 4,000 locations worldwide and a dedicated following of pastry lovers, it’s safe to say that Paris Baguette is here to stay. However, SPC Group has big plans for the future of this beloved brand.
In recent years, SPC Group has been focused on expanding Paris Baguette’s presence in the United States. The company has opened several new locations in major cities such as New York City and Los Angeles, with plans for further expansion in the coming years.
In addition to expanding its physical footprint, Paris Baguette is also exploring new ways to reach customers through technology. The company recently launched an e-commerce platform that allows customers to order pastries online for delivery or pickup at their nearest location.
Conclusion
In summary, Paris Baguette is owned by SPC Group, a South Korean conglomerate that operates several other food-related businesses. Despite its global presence and ownership by a large corporation, Paris Baguette remains committed to creating high-quality pastries using traditional baking methods and premium ingredients. With plans for further expansion and innovation on the horizon, it’s clear that this beloved bakery chain will continue to delight customers around the world for years to come.