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From Food Junction To Kok Kee: Here's A List Of 6 Million-Dollar F&B Acquisitions In S'pore

From Food Junction To Kok Kee: Here’s A List Of 6 Million-Dollar F&B Acquisitions In S’pore
Zafirah Salim
© Provided by Vulcan Post
From Food Junction To Kok Kee: Here s A List Of 6 Million-Dollar F&B Acquisitions In S pore
Over the years, it seems like larger F&B players are buying over smaller operators in a bid to achieve critical mass, strengthen their competitiveness and eventually scale up their business.
On the consumers’ end, many are worried that such consolidations will lead to price increases and a possible drop in food quality.
While this may be true, the flipside is that more efficient operations from larger food operators can lead to cost savings and there is no need for operators to raise prices to maintain profit margin. ....

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Kay Lee, trendsetter of hawkers selling recipes, now down to original store

December 10, 2020
The Straits Times file
Kay Lee Roast Meat Joint has been long known for their roasted meats fatty char siew, crispy roast pork and roast duck. However, that was not why they made the headlines in 2012.
Instead, it was because the original owners, Ha Wai Kay and Betty Kong, wanted to sell their recipe and premises for $3.5 million.
They made the front pages again in 2014, this time because they managed to find a buyer and sold their business for $4 million to electronics firm Aztech Group, whose chairman took just 10 minutes to seal the deal. At the point of the deal, it was reported that 10 Kay Lee restaurants would be rolled out over the next two years. ....

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