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



TODAY, United Kingdom:
Designed by Ralph Appelbaum Associates, the space focuses on an exceptional Lavazza product experience.
TODAY, Singapore:
The store will be located in Junction 8 mall.
YESTERDAY, Australia:
South Korean conglomerate Lotte has won the tender.
YESTERDAY, USA:
Nike sued the Canadian brand Lululemon, demanding compensation for losses incurred for patent infringement.
DAY BEFORE YESTERDAY, USA:
McDonald's expects to open 1,900 new restaurants in 2023.
DAY BEFORE YESTERDAY, USA:
The retailer continues to take steps to save the business.
Friend
and Follow
K in Lautern GLA:224 966 SF
ADDRESS: 67655 Kaiserslautern
Germany . Kaiserslautern
K in Lautern
Central Children's Store GLA:370 192 SF
ADDRESS: Teatralnyi proezd, 5
Russia . Moscow region
Central Children's Store
Vegas Crocus City GLA:1 199 078 SF
ADDRESS: 61 km Moscow Ring Road
Russia . Moscow region
Vegas Crocus City
Designer Outlet Malaga GLA:322 917 SF
ADDRESS: 29004, Málaga, Spain
Spain . Malaga
Designer Outlet Malaga


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