BreadTalk outlets to be shut indefinitely from Saturday

Wednesday, 17 March 2021 00:18 - - {{hitsCtrl.values.hits}}

All BreadTalk outlets will be closed from 20 March until further notice due to poor business.

RIL Property PLC said its fully owned subsidiary FoodBuzz Ltd., has put the closure down to adverse market conditions resulting from the Easter Sunday attacks as well as the ongoing pandemic. Thus, FoodBuzz Board of Directors have decided to temporarily suspend their business operations until a decision is taken going forward.

At present there are 10 BreadTalk outlets in the country.

In FY20, FoodBuzz reported a loss of Rs. 59 million with revenue at Rs. 413 million.