NTUC Enterprise is set to acquire food court stalwart Kopitiam Investment and its subsidiaries by the end of the year, the two parties announced in a joint press release on Friday, September 21. This will bring Kopitiam’s 80 outlets islandwide under the ownership of NTUC. Kopitiam and NTUC stressed that they will remain as separate entities with Kopitiam retaining their respective workers and name. Currently, NTUC Enterprise oversees NTUC Foodfare, which operates 33 food establishments islandwide. NTUC currently offers budget meals for lower-wage workers at coffee shops and selected hawker centres. It remains to be seen if this pricing framework will be incorporated in Kopitiam outlets in the future.
Written by Ibrahim Ramthan