Find in the news:
BY COUNTRY

Thailand's largest KFC franchisee sells its business



Among the companies that can acquire a franchise business are Central Restaurants Group and The QSR of Asia.
KFC Hong Kong

Restaurants Development Company, based in Bangkok, is considering selling its KFC franchise business. The transaction may have a value of up to $300 million. The announcement of the company's intentions coincided with a recovery in the economy of the second largest country in Southeast Asia.

In 2020, Restaurants Development, which has equity ties to AIGF Advisors Pte Ltd, an investment firm, considered selling its KFC business in Thailand. However, the process was halted due to concerns regarding Covid and restrictions, as well as falling sales.

In today's market conditions, consumers are actively returning to restaurants since most restrictions have been eased. In June, restaurants reported an increase in sales as economic activity improved. During the first quarter of the year, Restaurants Development posted the highest quarterly sales in its history and set a record for the highest like-for-like growth.

Experts predict that KFC's Thai business will continue to grow due to improvements in economic indicators and the easing of restrictions on tourism. Among the companies that can acquire a franchise business are Central Restaurants Group and The QSR of Asia Co Ltd (part of Thai Beverage Plc), as well as franchisees of KFC.

Restaurant Development has been operating in the Thai market since 2016 and currently operates a network of 240 restaurants with more than 5,000 employees. In the past two years, the network has grown by 40 restaurants, and the number of employees has risen by a thousand.

More about shopping malls in Thailand



Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
Friend
and Follow
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla
Dolphin mall GLA:1 400 000 SF
ADDRESS: 11401 N.W. 12th Street Miami, FL 33172
USA . Miami
Dolphin mall
Asheville Outlets GLA:325 000 SF
ADDRESS: 800 Brevard Road, Asheville, NC 28806
USA . Asheville
Asheville Outlets
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us