ThaiBev acquires restaurant chain
Thai Beverage Public Co (ThaiBev) has bought a 76 per cent stake in Thailand restaurant chain Spice of Asia for THB114.5 million (US$3.4 million).
Funding for the acquisition will come from internal resources, says the F&B giant.
Spice of Asia has 10 restaurants under four brands – Cafe Chilli, Chilli Thai Restaurant, Eat Pot and Pot Ministry, serving Thai food and hotpot concepts. The acquired stake will be held by ThaiBev subsidiary Food of Asia.