Global franchising in the works for Kenangan Coffee after Singapore debut
Add BT as a preferred source
A GLOBAL franchising programme is in the pipeline for Indonesian coffee chain Kenangan Coffee, driven by the success of its outlets in Singapore, the chain’s group chief executive officer (CEO) Edward Tirtanata told The Business Times.
Kenangan entered the Singapore market in September this year, marking its second overseas venture after it debuted in Malaysia in October 2022. The company said its first two outlets here have performed “better than expected”, selling up to 600 cups per store per day.
Global franchising plans could start as early as this quarter for the chain, which directly owns all of its current outlets. Kenangan hopes to have at least five franchisees by next year, said Tirtanata.
TRENDING NOW
What makes a good job? Feeling that you matter
DeepSeek founder Liang Wenfeng becomes the world’s richest AI model creator
When the disruptor gets disrupted: How Chinese open-source AI is eating its own industry
A new kind of ‘ceasefire’ between US and Iran where talks, strikes are part of the same process
