BreadTalk buys out Thai partner
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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.
Questions & Answers
Q.What was the name of the joint venture company in Thailand?
What was the name of the joint venture company in Thailand?
The joint venture company for BreadTalk in Thailand was known as BTM Thailand. It was originally established in 2014, preceding Minor Group's sale of its stake to the Singapore-listed owner.
Q.What does Minor Group plan to do with the funds from this sale?
What does Minor Group plan to do with the funds from this sale?
Minor Group is expected to use the proceeds from selling its stake to further expand its other food and beverage brands within Thailand. The Coffee Club is one of the brands mentioned for potential expansion.