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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…
Saigon Beer brewer Sabeco saw revenue jump 33% from 2021 to VND35.24 trillion ($1.5 billion) last year as consumption bounced back after two years of Covid-19. The brewer’s post-tax profit surged nearly 40% to VND5.5 trillion, the highest level since it was…
Thai company ThaiBev has dismissed rumors it wants to sell Vietnam’s biggest brewer Sabeco. “It’s our crown jewel, a rare asset among all brewing assets in the region,” said Thapana Sirivadhanabhakdi, CEO of ThaiBev Group, as said at the company’s annual…
While Sabeco is still at loggerheads with the taxman over alleged back taxes of $135.73 million, it has not provisioned for it. Its 2018 accounts make no mention of the amount in dispute though the HCMC Tax Department has claimed it owes that in taxes and…
Vietnam’s largest brewer Sabeco says it has removed its foreign ownership limit, in a statement on its website Monday. The company, known for its Bia Saigon and 333 brand, said that its board of directors had issued a resolution on Oct. 30 that approves…
Beer maker Sabeco has reported after tax profits of $149 million in Jan-Sept 2018, down 6 percent year-on-year. The company’s total revenue in the first nine months of the year was VND25.5 trillion ($1.1 billion), 70 percent of its annual target. According to…
Thai Beverage on Wednesday announced plans to double down on the Vietnam beer market after posting disappointing third-quarter results. It said it will focus on optimal use of its 54 percent stake in Vietnam’s largest brewery Saigon Beer Alcohol Beverage Corp…
Thai Beverage has won an auction to buy a majority stake worth $4.84 billion in Vietnam’s top brewer Sabeco SAB.HM, a lofty deal that adds a major asset to the beer-to-property empire of Thai magnate Charoen Sirivadhanabhakdi. The deal is a big step for…
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…
Hong Kong-headquartered multi-format retailer Dairy Farm International has celebrated its 130th anniversary with a strong set of results, with food, home furnishings and restaurants delivering higher profits. Total sales, including those of associates and…
Asian beverage producer ThaiBev has now completed a multi-site implementation of Manhattan Associates’ warehouse management technology, as it looks to improve service levels and fulfil orders more profitably. Using the vendor’s Warehouse Management Solution…
Thai Beverage (ThaiBev) has consolidated all its beers under the Chang Classic brand in line with its vision to become a “sustainable leader” in the beer and non-alcoholic beverages market in Asean by 2020. “We are able to make a perfect liquid for consumers.…
