Paris Croissant (owned by SPC Group, a South Korean food specialty company) signed an agreement with Northern California based Jamba Juice to open 200 Jamba Juice stores in South Korea over the next 10 years. Jamba Juice plans to open their first South Korean store in 2010.
Jamba Juice’s specialty is “better-for-you food and beverages”, including fruit smoothies, juices, and teas. They also sell breakfast foods such as oatmeal. Jamba Juice currently have over 700 locations in over 30 states in the United States. This pales in comparison to SPC Group’s ownership of over 4,500 stores and franchises in South Korea, China and the USA with affiliates such as Paris Croissant, BR Korea (Baskin Robbins, Dunkin’ Donuts), Shany and Samlip General Foods.
Jamba Juice’s partnership with SPC Group’s Paris Croissant is Jamba Juice’s first foray into the international market. Jamba Juice is on Facebook. For more information about this agreement, check out Business Wire.