BreadTalk buys out Thai partner

Minor Group has sold its half share in BreadTalk Thailand to the bakery’s Singapore-listed owner.

BreadTalk paid US$5.15 million for the stake, which Minor Group is expected to use to expand its other food and beverage brands in the kingdom, including The Coffee Club.

The BreadTalk Thailand joint venture, called BTM Thailand, was set up in 2014.

Minor Group’s other brands in Southeast Asia include ThaiExpress, Xin Wang Hong Kong Cafe, Swensens and the Pizza Restaurant Company.