Thailand based TCC Land restructures its retail & leisure biz

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Thailand based TCC Land, which is the property arm of beverage tycoon Charoen Sirivadhanabhakdi, has formed two separate subsidiaries to focus on its retail and leisure businesses. The restructuring that happened this month is expected to help increase the group’s management efficiency. TCC Land will hold the entire stake in the two new firms –… Read more »

Thailand’s Index Creative Village expects new partner in June

Thai conglomerate  Index Creative Village expects to seal the deal with the right partner who will acquire half of the company’s share from GMM Grammy by the end of June. If the deal fails, the company’s co-CEO Kriangkrai Kanjanapokin said that he would probably buy up the remaining shares, which GMM… Read more »


Thailand based Tangmatitham family exits MK Real Estate for $36m

Chuan Tangmatitham, the 78-year-old founder of MK Real Estate Development (MK), and his family have sold out 20.64 per cent stake in MK to Castle Peak Developments and CPD Holding for 1.2 billion baht ($35.82 million). The Tangmatitham family has been in this business for 50 years, and the transaction,… Read more »


Thai cellphone retailer JMART in talk to acquire another retailer this year

After its recent acquisition of a minority stake in the home-appliances distributor SINGER (Thailand) PCL, Thailand’s mobile phone retailer JayMart PCL (JMART) is in negotiations to acquire one another retailer this year, and the company is working towards its goal of becoming the country’s retail leader, an executive with the firm… Read more »


Thai carpet maker TCMC acquires British furniture firm Alstons for $38m

Thai Carpet Manufacturing PCL (TCMC) has acquired 76 per cent stake in the United-based furniture manufacturer Alstons for 24.5 million pound (approximately $38 million), in a bid to expand its business in overseas through Alstons’ distribution channel. Alstons is the well-known furniture brand with long history in the UK. It… Read more »


Gourmet grocery cafe and store Dean & DeLuca plans to list in US

Thai luxury hospitality and property developer Pace Development PCL (PACE) said it was preparing to list the famous premium cafe Dean & Deluca (D&D) in the United States within the next three years. PACE has acquired the brand and the assets of D&D, including its supply chain and operation of 11 outlets,… Read more »


Four Thai hotel firms enter Middle East market

With the tourism market in Thailand slowing, four Thai hotel companies are looking to expand their Middle East footprint, keen to access the high-end hospitality market there. The firms are Centara Hotels & Resorts, Dusit International, Minor Hotel Group and Onyx Hospitality Group. Bangkok-based Onyx Hospitality Group, known for its flagship Amari brand,… Read more »


Thai energy giant PTT to divest from Indonesian palm oil biz

PTT PCL, one of Thailand’s leading energy conglomerate will be selling its entire investment in PT Mitra Aneka Rezeki (PT MAR) in Indonesia to PT Prasada Jaya Mulia (PJM) and Harvey Bay Overseas Ltd (HBO) for $35 million, as a part of its plan to divest non-core operations. This was decided… Read more »


Thailand’s CENTRAL acquires 50.1% stake in Germany-based KaDeWe Group

Thailand’s leading retail and hotel operator Central Group has joined European property developer SIGNA to acquire the KaDeWe Group, which owns three luxury department stores in Germany. While the deal size was not disclosed, the acquisition will allow Central Group to hold 50.1 per cent stake in the KaDeWa Group and… Read more »


Oversea private funds looking to acquire Suppipat’s WEH stake?

Private funds from the United States and Singapore are likely to buyout the entire stake that chairman Nopporn Suppipat owns in Thailand-based  Wind Energy Holding (WEH), said a source with direct knowledge of the development. This executive also declined to be named. Suppipat, who owns the majority stake of 75-per-cent in the… Read more »