The Cocoa Trees sets sights on China after Temasek fund investment
Published on Apr 21, 2014 4:05 PM
A homegrown chain of chocolate boutiques has set its sights on having an outlet in nearly every single airport in China, after receiving an investment from a unit of Temasek Holdings.
The Cocoa Trees has over 30 outlets in Chinese airports but that number could double or triple after its partnership with Heliconia Capital Management, said Mr Paul Loo, the co-founder and group chief executive of Cocoa Trees' parent company FNA Group International.
A listing within five years could also be on the cards if the time was right, he told The Straits Times in an interview at Raffles City on Monday.
FNA was set up in 1991 with just five staff but has grown into Asia's biggest distributor and retailer of chocolate and confectionery products.
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