Paris Baguette to raise prices of 127 products amid rising costs
SEOUL, Aug. 14 (Yonhap) -- Paris Baguette, a bakery brand operated by South Kore...
Paris Baguette, a prominent bakery brand under the ownership of Paris Croissant Co., has announced plans to increase the prices of 127 of its products due to a surge in raw material costs. The company intends to raise the prices of 86 bread items and 41 cakes and desserts by an average of 5 percent, commencing from Tuesday. This price hike marks Paris Baguette's first increase in 18 months.
The decision to raise prices was deemed necessary as the costs of raw materials and other operational expenses have seen a significant uptick, according to the company. This move aligns with a trend observed in the food industry, where various businesses are passing on higher costs to consumers. For instance, BR Korea Co., the local operator of Dunkin' Donuts, recently raised the prices of 39 doughnut products by an average of 6.5 percent, effective from August 2, citing increased costs.
Additionally, CJ Foodville, the food service division of the CJ Group, also increased the prices of 76 products by an average of 8.2 percent from July 31.
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