Koufu focuses on homeground expansion amid Covid-19 pressures

Singapore

FOOD and beverage (F&B) company Koufu Group plans to focus its energy on homeground expansion this year, now that its planned overseas expansion will have to take a backseat amid the Covid-19 situation.

This year has not been easy for the company. Sales at its Singapore restaurants, food courts, and coffee shops fell by "a substantial amount" during the "circuit breaker", after it temporarily suspended the operations of 10 food courts and five restaurants to cut operating costs.