Ourhome Completes Acquisition of Shinsegae Food Service Division... Establishes Gourmet Galleria

Finalized on December 1... "Aiming to Become the No.1 Comprehensive Food Company"
Simultaneous Expansion of Scale, Expertise, and New Markets with Gourmet Galleria
Leading the Market by Maximizing Synergy Among Affiliates, Including Adoption of New Technologies

On December 1, Ourhome announced that its newly established subsidiary, Gourmet Galleria, has completed the acquisition process of the food service division of Shinsegae Food.

This follows the business transfer agreement signed in August. Ourhome has been pursuing the acquisition of Shinsegae Food since the first half of this year to strengthen its business competitiveness. The company plans to actively pioneer new markets together with Gourmet Galleria, which is expected to deliver results in the premium food service and food and beverage (F&B) sectors.

With this merger and acquisition and the establishment of Gourmet Galleria, a premium food service and F&B business with annual sales of 275 billion won will be incorporated, which is expected to expand the overall scale of Ourhome’s food and beverage business segment by approximately 30%. Gourmet Galleria has set a target to increase its group catering sales to 360 billion won and operating profit to 20 billion won by 2030.

Until now, Ourhome’s existing portfolio has focused on offices and industrial sites, but with the addition of premium offices, residential complexes, and conventions-high value-added channels-the company’s business portfolio is also expected to expand significantly. The newly established Gourmet Galleria will be led by CEO Cha Gipal, who previously served as head of the dining business division and design division at Ourhome, and has delivered strong results in the premium dining and lifestyle F&B sectors.

An Ourhome representative stated, “We expect significant synergy in the future from combining the operational, manufacturing, distribution, and future technology capabilities of Ourhome and its affiliates with Gourmet Galleria’s competitiveness in the premium market.”

This content was produced with the assistance of AI translation services.