With franchising experience from Popeyes, Fei Siong Group takes Encik Tan to Indonesia
The homegrown F&B group is seeking investors for growth-stage capital and mulling a future IPO
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[SINGAPORE] With experience gained from managing the local franchise of US fried-chicken chain Popeyes, Fei Siong Group is making its first foray overseas – by taking its hawker-cuisine brand Encik Tan to Indonesia.
By end-December, the food and beverage (F&B) group will open its first outlets for Encik Tan and dim sum brand Pao Pao in Jakarta under a joint venture. Both brands have halal certification.
Subsequent Encik Tan outlets will be franchised, with Fei Siong aiming to open 100 stores in Indonesia by 2030. It may consider franchising Pao Pao, depending how the first kiosk performs.
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