South Korean food company SPC Group has bought French restaurant chain Lina’s in a bid to expand its business.
According to Yonhap news agency, SPC Group’s European holding company, SPC Euro, acquired the full stake of Lina’s Developpement, the owner and operator of the restaurant chain.
Lina’s opened its first location in Paris in 1989 and specialises in serving sandwiches, salads and speciality coffees. Currently, the brand operates in France, South Korea, Colombia and Lebanon.
Notably, SPC has been the franchise operator of Lina’s in South Korea since 2002.
The South Korean company expects that the acquisition will create business synergies and help it to expand its footprint in Europe as well as foray into the North American and Southeast Asian markets, Yonhap added.
SPC Group, which operates the bakery chain Paris Baguette, also plans to leverage Lina’s expertise to develop new bread and salad menu items.
The company runs around 430 Paris Baguette stores in seven countries, including the US, France and China.
Recently, SPC opened three additional Paris Baguette stores in Indonesia, bringing the total number of locations in the country to seven.
Separately, SPC operates the burger chain Shake Shack in South Korea, Singapore and Malaysia.
The company will continue to pursue aggressive investments and make additional acquisitions in the future.
Earlier in the year, Restaurant Brands International’s (RBI) fast-food chain Popeyes teamed up with a subsidiary of Silla Group to open hundreds of restaurants across South Korea.
Popeyes has more than 3,600 restaurants across 25 countries.