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Tag: mulls

  • ThaiBev Mulls Over Sale of Thailands Premier KFC Franchise Amid Profit Drop

    ThaiBev Mulls Over Sale of Thailands Premier KFC Franchise Amid Profit Drop

    ThaiBev, owned by Charoen Sirivadhanabhakdi, is reportedly contemplating the sale of its KFC franchise business in Thailand – the largest of its kind in the country. The fast-food chain’s operations are overseen by The QSR of Asia. This takeover was initiated when the subsidiary purchased 240 restaurants from Yum Restaurants International in 2017 for an estimated US$335 million.

    ThaiBev’s Expanding Portfolio and Challenging Profits

    Since the initial acquisition, the number of outlets has more than doubled to over 500 across Thailand, solidifying QSR’s position as the country’s largest franchise. However, this expansion has brought its own set of challenges for ThaiBev. The company, known for producing Chang, has experienced a 21.7% decrease in profits, according to its latest annual fiscal statements.

    The drop in profits is reportedly due to the expenses incurred from the continual expansion of the restaurant chain. Nonetheless, ThaiBev remains a significant player in the market, despite the challenges and costs associated with operating a booming fast-food business.

    The Future of ThaiBev’s KFC Franchise

    Currently, ThaiBev is working with the Bank of America Corp to gauge interest in potential transactions relating to the KFC franchise. However, it is important to note that there are no guaranteed sales at this point. The future of the KFC franchise under ThaiBev’s ownership remains uncertain.

    Questions & Answers

    Who currently owns the largest KFC franchise business in Thailand?
    ThaiBev, owned by Charoen Sirivadhanabhakdi, currently holds the largest KFC franchise business in Thailand.

    What has been the impact of the franchise expansion on ThaiBev’s profits?
    The expansion of the franchise has led to a 21.7% drop in ThaiBev’s profits, largely due to the costs associated with the ongoing growth of the restaurant chain.

    What is the future of ThaiBev’s KFC franchise?
    ThaiBev is contemplating the sale of its KFC franchise and is working with the Bank of America Corp to assess interest in potential transactions. However, no sale is guaranteed at this time.

  • Shein Group Considers China Relocation For Favorable IPO Conditions In Hong Kong

    Shein Group Considers China Relocation For Favorable IPO Conditions In Hong Kong

    Fast-fashion retailer Shein Group is reportedly mulling over the idea of relocating its headquarters to China. This move is supposedly aimed at gaining approval from Beijing authorities for its proposed Initial Public Offering (IPO) in Hong Kong.

    Relocation for IPO Approval

    Shein Group, which currently has its headquarters in Singapore, is said to be in preliminary discussions with legal advisors about the possibility of setting up a parent company in mainland China. This information, however, has not been confirmed, as the discussions are still in the early stages. There is also no certainty as to whether Shein will proceed with this move.

    Previous Attempts at Listing

    Originally founded in China, Shein Group has spent a considerable amount of time trying to list, first in New York, then in London. The company, however, has met with resistance from politicians in both the US and the UK. These difficulties have been compounded by the inability to secure approval from China’s securities regulator for an offshore IPO, amidst rising tensions between China and the US.

    At present, Shein Group is focusing on getting listed on the Hong Kong stock exchange.

    Questions & Answers

    Where is Shein Group’s current headquarters?
    Shein Group’s headquarters is currently located in Singapore.

    Where is Shein Group planning to list its IPO?
    Shein Group is planning to list its IPO in Hong Kong.

    What challenges has Shein Group faced in its previous attempts at listing?
    Shein Group has faced criticism from politicians in the US and UK during its previous attempts at listing in New York and London, respectively. The company has also struggled to get approval from China’s securities regulator for an offshore IPO.

  • Brazilian Investor Mulls Rp 1t Plan for Cattle Breeding on Indonesian Prison Island

    Brazilian Investor Mulls Rp 1t Plan for Cattle Breeding on Indonesian Prison Island

    A Brazilian investor has expressed interest to invest Rp 1 trillion ($77 million) for cattle breeding on Buru island in Maluku, competing with other investors to tap Indonesia’s lucrative but under-supplied beef market.

    Aside from Brazil, Australia and several local investors are attracted in investing in cattle breeding on Buru Island, which was largely transformed into farmland by political prisoners during the New Order era under Suharto.

    The government expects to sign on Monday the memorandum of understanding of the investment plan with the Brazilian investor, whose plan includes total capacity of producing 200,000 cattle a year.

    “There are five [who are attracted to invest] and local investors, but this [Brazilian investor] is the one we might expect,” said Agriculture Minister Amran Sulaiman on Sunday.

    Misguided policies and corruption among government officials have long hindered the country’s ability to meet local demand of beef, let alone being self sufficient in production.