Better reach: Customers at a KFC restaurant in Bangkok. By acquiring a stake in QSR, Charoen (pic left) will have access to markets beyond Thailand. — Bloomberg
PETALING JAYA: Just two months after announcing the takeover of Thailand’s KFC restaurants, Thai tycoon Tan Sri Charoen Sirivadhanabhakdi, who controls Thai Beverage pcl, is believed to be making a move to buy a substantial stake in QSR Brands (M) Holdings Sdn Bhd.
QSR operates over 750 KFC restaurants in Malaysia, Singapore, Cambodia and Brunei as well as over 450 Pizza Hut restaurants in Malaysia and Singapore.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
