People walking past a Chick-fil-A restaurant on 8th Avenue in New York City.Gary Hershorn/Getty ImagesChick-fil-A has just announced a new franchise opening in Singapore — its first Asian venture.The fast-food chain said it plans to invest $75 million in Singapore over 10 years.Chick-fil-A joins Western food brands like Shake Shack and Tim Hortons, which have expanded to Singapore in the past five years.Chick-fil-A has announced plans for a restaurant in Asia, set to open in Singapore in late 2025.In a press release on Thursday, the fast-food chain said the restaurant's opening is part of a 10-year-long, $75 million investment into Singapore.The restaurant will be Chick-fil-A's first venture into the Asian market."The profound love that Singaporeans have for food as well as the city's strategic position as a gateway to the Asian market make it the ideal choice for Chick-fil-A's first permanent Restaurant in the region," Anita Costello, Chick-fil-A's chief international officer, said in the release.Chick-fil-A held a three-day pop-up event in Singapore in June, where people on the island got to try the food.The brand is also accepting Singaporean applications to be the island's "first independent Chick-fil-A franchise Owner-Operator."When contacted for comment, a Chick-fil-A representative told Business Insider that the brand "recognizes the great potential of international growth.""We look forward to future expansion in Europe and Asia in 2025, with plans to open restaurants in additional international markets by 2030," the representative said.Chick-fil-A reported sales of about $22 billion in 2023.
Chick-fil-a Is Cooking Up A $75 Million Plan For Chicken Domination In Asia — Starting With Singapore
abharade@insider.com (Aditi Bharade), Business Insider
Wed, 10/16/2024 - 11:13pm
Topics: avenue new york city gary hershorn/getty imageschick-fil-a asian restaurant anita costello owner-operator europe jewel changi airport channel news asia gardens bay cinnabon canadian chick-fil-a singapore asia western shake shack tim hortons business insider million plan chain franchise opened opening food international open told announced island fast-food joins expanded company brand outlets sales representative people
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