Banseog note · Oct 25, 2026
Paris Croissant — reshaping its governance and bringing in a chief executive from outside
- Where it stands now
- Restructuring — changing how the operating company works through a holding-company split and a new chief executive
Paris Baguette operates about 750 stores in 15 countries including the US, Canada, France, the UK, Singapore and Vietnam, of which about 300 are in North America (as of July 2026).
The healthy-bread brand 'Paran Label', launched in February 2025, passed 24 million units in cumulative sales in June 2026 and has also entered stores in Singapore.
- Three decisions within a year
- Governance reorganization: Paris Croissant was split into an operating division and an investment and management division, and the pure holding company 'Sangmidang Holdings' was launched in January 2026. The holding company handles mid- to long-term strategy, and Paris Croissant runs the business.
- New chief executive named: in October 2026 the company named Kang Shin-bong, a former head of the D2C Center at Samsung Electronics with platform and global management experience, as its incoming chief executive.
- North American production base: SPC Group decided to build its largest bakery plant in the group, at a cost of about USD 160 million, in Texas in the US. This supports its target of growing North American stores to 1,000 by 2030.
- Three people it will look for
- Digital and D2C business leader — under a new chief executive from a platform background, direct-to-consumer sales and data-based operations will grow
- North America operations and franchise development — there is a target to grow North American stores from about 300 to 1,000 by 2030
- Overseas production and supply chain manager — products have to flow reliably from the Texas plant to North American stores
- For HR
- This is the period of the first reorganization under the new chief executive. Key digital and North America roles will mean vying with large retail and platform companies for the same people, so it is wise to secure candidates before the reorganization plan comes out.
- For job seekers
- Experience expanding a franchise overseas, or running D2C and data businesses at a consumer goods company, is worth the most right now.
A reading written from public sources. Sources: Etoday 2026-07-24 (stores in 15 countries), 2026-06-26 (Paran Label), 2026-01-13 (launch of Sangmidang Holdings), 2026-10-01 (incoming chief executive), 2025-01-02 (Texas plant). Team size is from Korea's pension register.