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Jumbo opens third restaurant in Shanghai
JUMBO Group has opened its third restaurant in Shanghai and has plans to establish at least three additional outlets in China and/or Singapore within the next two years.
Occupying a floor space of approximately 650 square metres, the restaurant is located at the Shanghai International Finance Centre, a six-storey luxury shopping mall, located in the heart of the Lujiazui financial trade zone. The Shanghai IFC also features two office towers, a luxury hotel and a deluxe serviced suite hotel, allowing Jumbo to reach out to the financial and business community with high spending power and discerning tastes.
Its two other restaurants in Shanghai are at IAPM Mall (Xuhui District) and Raffles City (Huangpu District), which commenced operations in November 2013 and August 2015, respectively.
Revenue contribution from the group's operations in the PRC accounted for approximately 8.5 per cent of revenue, amounting to $10.5 million for the financial year ended Sept 30 2015, compared to revenue contribution of 5.8 per cent amounting to $6.5 million for the previous financial year.
Jumbo added that it will continue to explore suitable opportunities through acquisitions, joint ventures or strategic alliances with parties who can strengthen Jumbo's market position, add value to its existing business and expand its network of F&B outlets.