The company plans to open a further 12 branches by the end of this year, bringing the total number to 40. Sales of BreadTalk are expected to reach 500 million baht this year and are expected to rise to 3.6 billion baht by 2020, said Mr Choompot. Minor Food formed a joint venture with Singaporean bakery chain BreadTalk Group in 2014. Minor Food and BreadTalk hold equal stakes of 50% in the joint-venture company.