Beer Chang maker buys up KFC Thailand restaurants
- 9 Aug 2017 at 02:44
Alcohol kings ThaiBev have bought up all KFC restaurants in Thailand, raising the very unlikely vision of beer with your fast food. (Photo provided)
Thai Beverage, the spirits giant that makes Chang beer and SangSom rum, is expanding into the fast-food business.
ThaiBev agreed to purchase more than 240 existing KFC restaurants in Thailand for about 11.3 billion baht ($340 million).
A deal is also in place for the company to take over stores that are being developed, with the cost of those locations to be determined when the transaction closes, according to a filing.
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