NTUC Enterprise to buy Kopitiam in move to keep cooked food

[inlinesix]

https://www.businesstimes.com.sg/government-economy/ntuc-enterprise-to-buy-kopitiam-in-move-to-keep-cooked-food-prices-affordable

 

https://www.todayonline.com/singapore/ntuc-enterprise-buy-over-kopitiam-deal-expected-years-end

 

 

NTUC Enterprise Co-operative Limited is acquiring homegrown food centre operator Kopitiam Investment and its subsidiaries as part of its social mission to ensure that cooked food remains affordable and accessible to the Singapore community, it announced on Friday.

The social enterprise arm of the National Trade Union Congress (NTUC) said in a press release that Kopitiam will complement the current operations of NTUC Foodfare in providing affordable, quality and healthier meal options.

NTUC Enterprise did not indicate the value of the transaction, which it expects to complete by the end of 2018.

Founded in 1988, Kopitiam operates 56 food courts, 21 coffeeshops, three hawker centres and two central kitchens, serving about 350,000 meals a day and employing more than 1,000 staff.

 

 

Following the transaction, NTUC Foodfare and Kopitiam will retain their respective management teams and employees and continue operating separately. Under NTUC Enterprise, they will work together to leverage mutual capabilities and seek out common opportunities in areas such as the use of technology.

 

"Kopitiam and NTUC Foodfare share the common objective of making quality cooked food affordable and accessible to all," said Kee Teck Koon, executive director of NTUC Enterprise.

"We will leverage our combined strengths to contribute to improving the vibrancy and resiliency of this daily essential sector in Singapore, with the ultimate goal of creating better experiences for our customers, and opportunities for our employees and other stakeholders," he said.

Kopitiam Investment chairman Lim Bee Huat said: "Kopitiam started from humble beginnings and we have built the brand into a successful household name. Today, our customers enjoy a good selection of cuisine at affordable prices.

He added, "We are confident that NTUC Enterprise will bring Kopitiam to new heights in serving our community."

 

[Jman888]

Finally, kopitiam is the worst food court and no quality.

[Galantspeedz]

kopitiam card still can use?

[13177]

I still have balance in my kopitiam card. 

[Tianmo]

sound like nothing going to change leh...    

 

 

now lets see if their price of food will drop, quality will improve and more healthier food or not.

 

if not is KNN fake news that buying kopitiam will complement the current operations of NTUC foodfare in providing affordable, quality and healthier meal options liao...

 

But wait, does it mean that NTUC foodfare is worse than kopitiam? 

[Tianmo]

kopitiam card still can use?

 

 

think still can use bah, the write up said continue to operate separately leh..    

[Ash2017]

the story just gets repeated over and over again

 

 

7-11 good business model .... red eye .... http://www.cheers.com.sg/web/store_location.jsp

 

Casket business good and established ....... red eye .......https://casketfairprice.com/packages/

 

cold storage .......red eye ........ https://www.fairprice.com.sg/wps/portal/fp/ourretailformats

 

etc

 

nearly every sector is cornered by semi-government establishment but their prices are not competitive even they claim Fairprice

 

exactly how does an entrepreneur competes with such deep pockets organization

 

 

the business sector is doom

[Andylkkg]

Such purchase should be "check" by the Competition Commission of Singapore to see if there is a monopoly concerns, really will bring down the food price?

[inlinesix]

sound like nothing going to change leh...    

 

 

now lets see if their price of food will drop, quality will improve and more healthier food or not.

 

if not is KNN fake news that buying kopitiam will complement the current operations of NTUC foodfare in providing affordable, quality and healthier meal options liao...

 

But wait, does it mean that NTUC foodfare is worse than kopitiam? 

 

NTUC used to run food court at Kallang Wave Court.  I think after 2 years, the area shrunk.

 

This year, NTUC pull out.

[Neutrino]

What happens to NTUC Fairprice fresh food which is close to sell by date???

[Blueray]

What happens to NTUC Fairprice fresh food which is close to sell by date???

 

supply to Kopitiam lor ... 

[Enye]

wah kopitiam owner joining the singapore billionaires' list

 

 

[Tohto]

Finally, kopitiam is the worst food court and no quality.

 

Fully agreed with you.

Their kopi taste like water.

All the same store operating at different food court with lousy food.

[Victor68]

I hope kopitiam will not be ntuc foodfare. I also hope the price will not become like them too.

[Blueray]

Finally, kopitiam is the worst food court and no quality.

 

Yes, I see Kopitiam I also just walk away.

 

Gave up on their coffee years ago.

[Jp66]

sound like nothing going to change leh...    

 

 

now lets see if their price of food will drop, quality will improve and more healthier food or not.

 

if not is KNN fake news that buying kopitiam will complement the current operations of NTUC foodfare in providing affordable, quality and healthier meal options liao...

 

But wait, does it mean that NTUC foodfare is worse than kopitiam? 

hope it is not from bestest to worstest   

[Jman888]

i think because they were struggling and ntuc help to buy them out cos after all it is a home grow local brand.

[Mustank]

Applying for ntuc card nao!!!!!!!!