Good will Visit
The SPC Group announced on August 29 that U.S. House Foreign Affairs Committee Chairman Ed Royce and Congressman Ami Bera visited its main office in Seoul and had a meeting with its chairman Heo Young-in.
During the meeting, they checked Paris Baguette’s current business activities in the United States and its future investment plans while discussing cooperation between the SPC Group and California. “We will increase the number of Paris Baguette stores and SPC Group employees in the United States to at least 300 and 10,000 by 2020, respectively,” said the chairman of the SPC Group.
“Approximately 1,500 people are working for Paris Baguette in the United States alone and the SPC Group is making a great contribution to job creation in various countries around the world,” Chairman Ed Royce said in response, adding, “I am convinced that the group will play an even greater role over time in the global food industry.”
The SPC Group set up a local corporation in California in 2002 and the first Paris Baguette store in the U.S. in LA in 2005. At present, it is running a total of 57 Paris Baguette stores in the U.S., mostly in LA and New York. Last year, it invested more than US$48 million in the U.S. and reached US$100 million in sales in the same country.