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Japan's Skylark Group to raise investment in Taiwan.

Taipei, Dec. 25, 2012 (CENS) -- The Japan-headquartered Skylark Group, operator of chain restaurants, has decided to invest tens of millions of NT dollars more in Taiwan to boost its presence in the food and beverage market, according to the group.

Skylark owns some 40 restaurant brands along with over 3,000 chain restaurants in Japan, posting annual revenue of JPY280 billion (about NT$96.9 billion) in 2011. Taiwan is the group's largest overseas market in terms of investment, where it operates 35 chain restaurants under three brands. Despite Taiwan's gloomy economy, Skylark indicated that the domestic F&B market still shows stable growth.

The group, posting NT$1.14 billion in revenue for 2011 in Taiwan and predicting the figure to grow 23% to NT$1.4 billion in 2012, plans to open seven new restaurants starting in mid-2012 through March 2013 on the island. The planned restaurants will all be in department stores, shopping malls and big-box wholesalers, two of which are operational in Taichung and Pingtung.

Additionally, establishment of its second restaurant in Taichung after another in Taipei is also part of Skylark's investment project for the coming year, which will help to boost its presence in central and southern Taiwan.

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Title Annotation:Skylark Company Ltd.
Author:Chuang, Steve
Publication:The Taiwan Economic News
Article Type:Brief article
Geographic Code:9TAIW
Date:Dec 25, 2012
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