South Korean conglomerate CJ Group has announced it is looking to sell its bakery franchise Tous Les Jours.
Tous Les Jours operates around 13,000 across South Korea and is the regions second largest bakery, closing following Paris Baguette. Both chains have expanded their international footprint into China, Malaysia and Vietnam. CJ Group has sent background documents regarding Tour Les Jours to private-equity firms located in the Korean market and offshore to gauge interest in the business.
Accounting firm, Deloitte Anjin will manage the sales process.
