BreadTalk CEO Resigned, "personal and health reasons" - Is this real reason?

[dredd]

BreadTalk CEO Henry Chu resigns, chairman George Quek to take over

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BreadTalk CEO Henry Chu will leave the company with effect from Dec 31, 2019, for "personal and health reasons".PHOTO: DIN TAI FUNG

SINGAPORE - The group chief executive officer (CEO) of BreadTalk Group, Henry Chu Heng Hwee, will leave the company with effect from Dec 31, 2019.

The 49-year-old is quitting for "personal and health reasons", the mainboard-listed food and beverage operator said in a bourse filing on Wednesday morning (Aug 14).

Upon Mr Chu's departure, BreadTalk's group executive chairman, George Quek Meng Tong, will undertake the roles and responsibilities of the group CEO.

Mr Chu was appointed as CEO on July 1, 2017. He is responsible for overseeing the group's global operations, focusing on strategic planning, investments, business development and regional expansion.

His resignation comes almost two weeks after BreadTalk reported a plunge in its second-quarter net profit amid mounting costs.

Net profit was more than halved, falling 57.9 per cent year on year to $1.02 million for the three months to June 30, even as revenue grew 9.8 per cent to $163.3 million. The bottom-line hit came from a surge in distribution and selling expenses.

BreadTalk, which has more than 990 outlets worldwide, grew store count for directly operated bakeries and restaurants, as well as "4orth" food concepts, during the first half of this year, although the expansion may have eaten into receipts.

Shares of the company were up one cent or 1.47 per cent to $0.69 on an ex-dividend basis at Tuesday's close.

https://www.straitstimes.com/busine...chu-resigns-chairman-george-quek-to-take-over

The farker has the face of a crook.

 

[Froggy]

The farker has the face of a crook.

But but but he do look very prosperous when I grow up I want to be like him hate to be a screw salesman.

 

[myfoot123]

But but but he do look very prosperous when I grow up I want to be like him hate to be a screw salesman.

does this one look prosperious to you?
https://www.straitstimes.com/busine...ncoming-sph-ceo-is-no-stranger-to-the-company

 

[Semaj2357]

If my Thai boss screws profit is 0.62% I will be the first to get screwed for sure because I am FT here in their eyes, I will have to go back Singapore to wash cars

hanor, your wages as part of operating revenue and costs not even that high - with hydrotherapy, puying and entertainment expenses factored-in

 

[laksaboy]

does this one look prosperious to you?
https://www.straitstimes.com/busine...ncoming-sph-ceo-is-no-stranger-to-the-company

RIP SPH. LOL!

 

[Baccara77]

Yes, Boycott is the word. Never ever step into any BreadTalk chain outlets!

Why you so tulan BreadTalk ? George Quek is a Hokkien, is it ?

 

[whoami]

Yes, Boycott is the word. Never ever step into any BreadTalk chain outlets!

Non halal u guys also complain. Wait become halal shop u guys also complain. Sinkie sinkie.....

 

[cocobobo]

Net profit was more than halved, falling 57.9 per cent year on year to $1.02 million for the three months to June 30, even as revenue grew 9.8 per cent to $163.3 million.

NET PROFIT $1.02 M

REVENUE $163.3 M

did limpeh read wrongly ??

Nothing wrong. Owner can put himself in payroll and pay himself $160m salary.

 

[Semaj2357]

Non halal u guys also complain. Wait become halal shop u guys also complain. Sinkie sinkie.....

they are already in dire straits, will be worse if they remove their best-selling pork floss roti - tak boleh!

 

[Mark9999]

If my Thai boss screws profit is 0.62% I will be the first to get screwed for sure because I am FT here in their eyes, I will have to go back Singapore to wash cars

Open a soapy bath+thai sexy/authentic massage.
Rope in @zhihau for Tantric sex kangtao.
You will be very rich to own a few cars.
And buy a few properties in Bangcock.

 

[Mark9999]

If Bread can Talk, My Ranjiao can Sing!

There is a dirty cheap whore here whose cheesepie can blow many trumpets.

Simon Cowell hinted to me.

@Valium can confirm.

 

[whoami]

they are already in dire straits, will be worse if they remove their best-selling pork floss roti - tak boleh!

If their pork floss so popular, hw cm profit margin so thin? My confectionary shop here still surviving. So many years already. They just sell buns, cakes. My favourite is their roti perancis. Had they sell pork floss they will loose Malay customers. This area banyak melayu sokong.

 

[Semaj2357]

Open a soapy bath+thai sexy/authentic massage.
Rope in @zhihau for Tantric sex kangtao.
You will be very rich to own a few cars.
And buy a few properties in Bangcock.

he might just be involved in all the above for passive income - and for a company to absorb his cost/s, considering that it'll be cheaper to employ a thai and hi-so lifestyle, he has to justify it by being the top screw salesman or else it would've been a fry-sotong issue

 

[Semaj2357]

If their pork floss so popular, hw cm profit margin so thin? My confectionary shop here still surviving. So many years already. They just sell buns, cakes. My favourite is their roti perancis. Had they sell pork floss they will loose Malay customers. This area banyak melayu sokong.

just like ken-air and some other established tvl agencies / firms, there's many other factors that may have been the cause - kurang-lebih

 

[Mark9999]

If their pork floss so popular, hw cm profit margin so thin? My confectionary shop here still surviving. So many years already. They just sell buns, cakes. My favourite is their roti perancis. Had they sell pork floss they will loose Malay customers. This area banyak melayu sokong.

Actually, their expenses goes mainly to their branding and marketing and advertisements.
And their ego to rent in expensive prime shopping malls.

Undermentioned bakery in Whampoa already surviving many years.

 

[Mark9999]

 

[whoami]

Actually, their expenses goes mainly to their branding and marketing and advertisements.
And their ego to rent in expensive prime shopping malls.

Undermentioned bakery in Whampoa already surviving many years.

View attachment 63057

Possible. Teres a kedai runcit here. Still surviving. Near my mum pl at bedok. I love bedok area. Sm time size doesnt count.

 

[laksaboy]

Actually, their expenses goes mainly to their branding and marketing and advertisements.
And their ego to rent in expensive prime shopping malls.

Undermentioned bakery in Whampoa already surviving many years.

Indeed, rent is the main culprit of escalating costs especially the Capitaland malls.

If you're observant enough you can detect many retail casualties at malls islandwide, the shop space boarded up and occasionally 'a new shopping experience coming soon' sign. The small businesses and lesser brands are especially vulnerable.

If taxation kills businesses, rent kills enterprise.

 

[Mark9999]

Indeed, rent is the main culprit of escalating costs especially the Capitaland malls.

If you're observant enough you can detect many retail casualties at malls islandwide, the shop space boarded up and occasionally 'a new shopping experience coming soon' sign. The small businesses and lesser brands are especially vulnerable.

If taxation kills businesses, rent kills enterprise.

Right.
Look at Jewel now.
Next casualty, Funan?

 

[AhMeng]

If taxation kills businesses, rent kills enterprise.

Well said!