[Alpha Biz=(Chicago) Reporter Paul Lee] CJ Foodville announced on the 15th that it has successfully completed attracting 70 billion won worth of external investment.

CJ Foodville closed the deal about three months after it selected Agnes Private Equity as the preferred bidder in August. CJ Foodville raised a total of 70 billion won through a third-party paid-in capital increase that issues about 1.29 million new shares to Arges Private Equity. As the investment attraction is completed, Arges Private Equity will hold a 12.3% stake as the second-largest shareholder of CJ Foodville.

CJ Foodville was valued at 500 billion won in equity value in the process of attracting investment. It reportedly received favorable reviews for its business growth and resulting profitability, with bakery Tous Les Jours rapidly expanding in the global market and the performance of restaurant brands such as BIPS also improved.

In fact, CJ Foodville is rapidly increasing profitability by speeding up the increase in the number of global stores due to the cruise of its overseas business.

 

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