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OSAKA, 10 June 2016:
Japan’s Duskin Co Ltd, which operates the Asia franchise of US chain Mister Donut, yesterday said it will acquire Malaysian doughnut chain Big Apple Worldwide Holdings Sdn Bhd as of Dec 1 this year.
Aiming to expand its business in Southeast Asia, Duskin said it will buy a 90% stake in Big Apple. The Osaka-based company did not disclose the investment amount.
Established in 2006, Big Apple and operates 85 outlets in Malaysia and Cambodia – its group sales in 2014 stood at about ¥1.03 billion (RM38.9 million), said Duskin in a statement.
Duskin operates Mister Donut stores in China, Taiwan, South Korea, Thailand, the Philippines and Indonesia in addition to Japan and Malaysia.
The Japanese company, which entered the Malaysian market in 2011, said it aims to reduce sourcing and distribution costs through the acquisition.
“Malaysia has been seeing continued growth in its population and economy. We’d like to appeal to middle-income consumers in the country.”
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