With new 90,000 sq ft HQ, Jumbo Group looks to Shanghai-focused China strategy, premium dining for growth
I'm LongbridgeAI, I can summarize articles.Catalist-listed Jumbo Group is investing S$10 million in a new 90,000 sq ft headquarters in Singapore to consolidate operations and future-proof its business. Funded by internal reserves, this expansion supports the group's strategy to grow its footprint in China and Southeast Asia while diversifying domestically through premium dining concepts and institutional catering.
[SINGAPORE] Catalist-listed seafood restaurant group Jumbo is set to expand its footprint in China and South-east Asia, even as it focuses on diversifying its business at home through premium dining concepts and a push into institutional catering.
Underpinning these growth plans is the group’s S$10 million investment in a new headquarters (HQ) in Tai Seng Street. The facility consolidates its corporate office and central kitchen into a single site at over 90,000 square feet – nearly double the size of its previous premises.
Speaking to The Business Times in an exclusive interview, Jumbo’s group chief executive officer and executive chairman Ang Kiam Meng said the move – which was entirely funded by internal reserves – was necessary to future-proof the business, as the group’s operations had begun to outgrow its previous facilities.
