8/7/2019 110408-FJH News Release RPWG
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Page 1 of2FOOD JUNCTION HOLDINGS LIMITED (RCB NO.
200003470N)
91 Tanglin Road #02-02 Tanglin Place Singapore 247918 Tel: (65)
6338 8213 Fax: (65) 6336 6108 Web: www.foodjunction.com
PRESS RELEASE
Food Junctions food courts supportRetail Price Watch Groups
initiatives
In addition, Food Junctions Privilege Card (at $5 a card
including 7% GST)offers 10% discount at all its food courts
including Toast@Work outlets; 5%
discounts at its Tetsu restaurant and SoEZ studios.
SINGAPORE 8 April 2011 Mainboard-listed lifestyle food service
company Food Junction
Holdings Limited (Food Junction or the Group) today announced
that tenants at all 13
of its food courts in Singapore have rallied together in support
of the Governments Retail
Price Watch Group (RPWG) initiatives to help curb inflationary
pressures on consumers.
In a unanimous show of support for RPWGs initiatives, Food
Junction and its tenants have
pledged to maintain their prices for the next six months. In
doing so, they hope to do their
small part in reining inflation and continue to keep prices
affordable for consumers as part
of its corporate social responsibility efforts.
Said Mr Eric Gan, Food Junctions Chief Financial Officer, We are
very impressed and proud
of our food court tenants for their community spirit. When we
first broached the subject
about them revising their price list to reflect the general
increase in operating costs, we
were surprised that more than 90% of them indicated they had no
intention to do so. We
are pleased that all of our tenants have pledged their support
for RPWGs initiatives on the
premise that there would be no adverse changes to the economic
situation or disruption to
food supplies. Many believe that the inflation is only temporary
and are confident of the
Governments ability to rein in rising costs.
We are hoping that our loyal customers and consumers at large,
will support Food
Junctions outlets and increase patronage at our stalls, and that
the higher sales volume will
more than mitigate any raw material cost increases, he said.
8/7/2019 110408-FJH News Release RPWG
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Page 2 of2FOOD JUNCTION HOLDINGS LIMITED (RCB NO.
200003470N)
91 Tanglin Road #02-02 Tanglin Place Singapore 247918 Tel: (65)
6338 8213 Fax: (65) 6336 6108 Web: www.foodjunction.com
Mr Gan added that the scale of participation among Food
Junctions tenants spoke volumes
about their support for the RPWG programme, which was strictly
voluntary. This support to
maintain prices is very much part of the Groups creed to bring
wholesome, affordable food
to a wide spectrum of customers, and also part of its commitment
to serve the community it
operates in. Food Junction will continue to work closely with
its partners, including tenants
and landlords, to ensure that the Group delivers its brand
promise to always bring value to
its customers.
As an extension of this promise, Food Junctions Privilege Card,
which was re-launched in
November 2010, offers a 10% discount at all Food Junction food
courts and Toast@Work
outlets, and 5% discount at its Tetsu Japanese restaurant at
Tanglin Mall and SoEZ cookingstudios at Great World City and United
Square. At $5 a card (GST included), the Food
Junction Privilege Card will also help to stretch the dollar for
its customers.
About Food Junction
Food Junction Limited is a new generation lifestyle food service
company with an established track record of 18
years. From a single food court in 1993, the Group today has a
mix of cosy food courts and novel F&B concepts,
or Food Apps, which are strongly driven by design - from the
interiors and ambience to the food taste and
quality.
At present, Food Junction manages and operates a total of 19
food courts across Singapore, Malaysia,
Indonesia and China, as well as 52 self-operated food court
stalls. Since 2008, Food Junction has been
selectively upgrading its food courts into lifestyle food
destinations with design-oriented spaces and wider
menu choicesto enhance consumers dining experience.
The Group also manages a growing portfolio of restaurants namely
Tetsu Japanese restaurant in Singapore,
Lippo Chiuchow restaurant in Hong Kong and Malones American caf
and restaurant chain in the PRC and
innovative F&B concepts, known as Food Apps, such as
Toast@Work. In December 2009, Food Junction also
launched SoEZ Cooking Studio the first ever cooking studio set
within a food court located at Great World City
(GWC). In November 2010, we opened another SoEZ Cooking
Playground at United Square. Just like the
flagship school at (GWC), the brand-new SoEZ Cooking Playground
caters to a wide spectrum of participants
including tourists, adults, kids, corporate groups and even
domestic helpers. For more information, please visit
our website: www.foodjunction.com
Issued on behalf of Food Junction Holdings Limited:
Media and Investor Relations Contact:
August Consulting
Tel: (65) 67338873, Fax: (65) 67339913
Ho See Kim - [email protected]
Wrisney Tan - [email protected]
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