France-based travel food services specialist Newrest is expanding its business in Cambodia and Myanmar with the acquisition of EM Food Services.
Family-owned, Singapore-headquartered EM Food Services Pte Ltd was founded in 2009 by Alain Dupuis. The food & beverage specialist business now makes €20 million in revenue a year.
With the acquisition, Newrest said it expects to significantly speed up its business development in Asia’s contract food services market and build its retail (bar and restaurant management) activities under concessions in the region’s airports.
In full: https://www.moodiedavittreport.com/newrest-expands-in-cambodia-and-myanmar-with-em-food-services-acquisition/