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Jumbo to open first Beijing restaurant in Q3 of this year

Outlet will be in high-end mall Beijing SKP; F&B group already has three restaurants in Shanghai

Published Mon, Mar 20, 2017 · 09:50 PM
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Singapore

JUMBO Group announced on Monday that it has entered into a joint venture agreement to open its first Jumbo Seafood restaurant in Beijing, China.

The new restaurant is slated for opening by the third quarter of 2017, and will be the latest addition to its three existing restaurants in Shanghai.

The agreement was concluded between its indirect wholly-owned subsidiary Jumbo F&B Services (Shanghai) and Beijing Hualian (SKP) Departmental Store, a member of the Beijing Hualian Group.

The former will hold a 51 per cent stake in the JV, while Beijing Hualian (SKP) will hold the remaining 4…

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