Serious Retail in Decline: 12 Cupcakes sold to Indian Tea Company for just $2.5million

[AsiaDK]

Home-grown cupcake chain Twelve Cupcakes has been acquired for $2.5 million by the Kolkata-based Dhunseri Group, which is one of the top 10 tea companies in India. The deal to take over the chain's 17 outlets here was finalised in December last year. http://www.straitstimes.com/lifestyle/food/indian-tea-company-buys-over-twelve-cupcakes-chain

 

[ckmpd]

Home-grown cupcake chain Twelve Cupcakes has been acquired for $2.5 million by the Kolkata-based Dhunseri Group, which is one of the top 10 tea companies in India. The deal to take over the chain's 17 outlets here was finalised in December last year. http://www.straitstimes.com/lifestyle/food/indian-tea-company-buys-over-twelve-cupcakes-chain

Lucky for Jaime to be able to sell a losing business

 

[mojito]

It is always the same question - how come profitable but always bo lui $$$?

 

[Cottonmouth]

Now they can rename it Twelve Shitcakes.

 

[virus]

will be selling 12 prata or tosai?

 

[JohnTan]

Will the company be renamed as 12 Kelings?

 

[bushtucker]

how da fark did they open 17 outlets? not as if their cupcakes are damn fantastic. so-so only.

 

[frenchbriefs]

thats why they only got 2.5 million for it after all that crap,even breadtalk is worth 300 million buckeroos.

2.5 million assuming 3 years free cashflow,thats 800k a year,for 17 outlets they are barely making anything.

 

[spotter542]

Goes to show deejays knows nuts about running business , look at Rantung

 

[frenchbriefs]

Goes to show deejays knows nuts about running business , look at Rantung

funny thing is the guy said the indian company Dhunseri is the best suited to take twelve cupcakes to the next level,why would u want to take ur own company to the next level without u in it?

 

[spotter542]

funny thing is the guy said the indian company Dhunseri is the best suited to take twelve cupcakes to the next level,why would u want to take ur own company to the next level without u in it?

Deejays are always thinking on their feet , first he bonked Danker then married Teo
Wonder who is the next victim

 

[Narong Wongwan]

Goes to show deejays knows nuts about running business , look at Rantung

Can share what's the story with this fuckface?
I happen to know him but not kept abreast of his affairs

 

[spotter542]

Can share what's the story with this fuckface?
I happen to know him but not kept abreast of his affairs

Won a million bucks in a lucky draw many moons ago , running an events company somewhere in Paya Lebar

 

[Jah_rastafar_I]

Can share what's the story with this fuckface?
I happen to know him but not kept abreast of his affairs

Oh you know orang utan too?

Won a million bucks in a lucky draw many moons ago , running an events company somewhere in Paya Lebar

Ironically he's the most famous for winning that million bucks rather than anything else he has done in his deejaying life.

 

[Narong Wongwan]

Oh you know orang utan too?



Ironically he's the most famous for winning that million bucks rather than anything else he has done in his deejaying life.

I know the wifey also. Was invited to their wedding at regent hotel. On April fools day no less.
And yes unfortunately him too.
Since his army days in combat emgineers when he was a Super Keng king.
Back then loser driving a tiny Mitsubishi colt hatchback plate 1191 or 1911. Fuck around behind his Wife, his Favourite hunting ground being Mohd sultan. That's about the only things I remembered about the fucktard.

 

[virus]

how da fark did they open 17 outlets? not as if their cupcakes are damn fantastic. so-so only.

Its expensive so so.

 

[spotter542]

I know the wifey also. Was invited to their wedding at regent hotel. On April fools day no less.
And yes unfortunately him too.
Since his army days in combat emgineers when he was a Super Keng king.
Back then loser driving a tiny Mitsubishi colt hatchback plate 1191 or 1911. Fuck around behind his Wife, his Favourite hunting ground being Mohd sultan. That's about the only things I remembered about the fucktard.

Wah , give 4D numbers ah :p