Paris Baguette Seeing Success in Manhattan
kpopluv, March 18, 2014, 10:46 a.m.
The Korean bakery chain Paris Baguette is seeing an enormous amount of success in their newest store in Manhattan, New York, despite harsh criticism on the location of the store. The SCP Group, who operates the bakery chain, announced that the store, which opened last Friday, has seen an enormous amount of revenue. The store is located on 70th Street.
It is unprecedented for a Korean bakery to put up good performance downtown in a major U.S. city. The group said its two other stores in Manhattan that opened last fall, on 40th Street and 50th Street are also posting profits. The firm's booming start in the U.S. market has boosted its confidence significantly.
Launching its first U.S. outlet in October 2005, the group now operates 33 stores in the country. It will open 20 more stores there this year with a view to operating a total of 1,000 outlets across the country by 2020.