Retail News CRM

Tag: Charoen Pokphand Foods

  • Thai food giant to list on Vietnam stock exchange

    Thai food giant to list on Vietnam stock exchange

    Thai food giant Charoen Pokphand Foods has green-lighted its Vietnam subsidiary’s plans to list its shares on the Ho Chi Minh Stock Exchange.

    CPF has made a filing with the Stock Exchange of Thailand, but details are unavailable about plans for an IPO and others.

    C.P. Vietnam gets around 70 percent of its revenues from processed and fresh pork and chicken products.

    It built its first processing plant in Vietnam in 1993 and now has nine around the country.

    Vietnam’s stock exchanges have eight foreign companies listed on them, and they account for 0.3 percent of their market capitalization.

    Another foreign firm, Japanese retailer Aeon, has announced its intention to list in Vietnam.

  • Taiwan’s extravagant buffet restaurant “Harbour” now open at Iconsiam

    Taiwan’s extravagant buffet restaurant “Harbour” now open at Iconsiam

    Taiwan’s extravagant Harbour buffet restaurant has opened its first Thai restaurant at IconSiam. Charoen Pokphand Foods PLC (CPF) and Taiwan’s HiLai Group have jointly brought the famous international buffet restaurant to Thailand. The franchise has routinely seen diners in China and Taiwan waiting a month for a table. The 2000sqm IconSiam outlet is its 10th restaurant worldwide, pending Harbour’s unveiling in major global cities as part of CPF’s strategy to become “Kitchen of the World”.

    “Harbour has enjoyed overwhelming success in Taiwan and China”, said CPF’s COO-food business and co-president Sukhawat Dansermsuk. “We believe that we will be warmly welcomed by Thai consumers thanks to the restaurant’s strengths coupled with Thais’ eating-out lifestyle. And that’ll be the beginning of CPF’s success in the restaurant business.”

     

    According to Sukhawat, the restaurant was established as a joint venture with HiLai Group with THB130 million (US$4.16 million) in registered capital.

    CP HiLai Harbour CEO Liu Tzu-Ming said the venue is targeting THB240 million ($7.68 million) in first-year revenue and plans to introduce new restaurants at major Thai cities.

    The international buffet restaurant can accommodate 450 diners per round, or about 1000 diners per day.

    View the gallery below for more picture of the restaurant :

    Lees ook: