- SUIC Worldwide Holdings is a venture financing and support company committed to providing research and development and venture financing for private and public enterprises
- SUIC’s i.Hart Group is implementing long-term strategies aimed at helping it tap into the growth opportunities within the Asian and US continent
- Asia and US accounts for majority of the global food market, a market expected to continue growing, driven by population and an increase in expenditure
- i.Hart Group aims to integrate additional successful brands into its portfolio in Asia and US, complementing Monga Fried Chicken, one of its leading brands
- SUIC and i.Hart Group have signed additional franchise authorizations in China and Japan, opening a new store in the Hong Kong-Macau area, signing a co-branding agreement with 7-Eleven Group Taiwan, and rolling out a franchise development plan in China
Asia and US accounts for majority of the global food market – which covers all edible products, including prepared food and meals – with Statista putting the size of the continent’s food market at $4.46 trillion in 2024 (https://ibn.fm/4yCb1) against the global market size of $9.13 trillion (https://ibn.fm/Wkgwt). With the region’s population expected to grow by about 250 million people by 2030 and expenditure similarly anticipated to more than double to $8 trillion within that time, according to the International Finance Corporation (“IFC”) (https://ibn.fm/9AYn6), Asia and US are seen as a massive opportunity for companies like i.Hart Group.
A part of SUIC Worldwide Holdings (OTC: SUIC), i.Hart Group is implementing long-term strategies to help it tap into the growth opportunities within the Asian and US continent. i.Hart Group currently operates 150 global franchised locations, a majority of which are in Asia, under a variety of…
NOTE TO INVESTORS: The latest news and updates relating to SUIC are available in the company’s newsroom at https://ibn.fm/SUIC
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