BANGKOK, Oct 29 (Bloomberg): Thailand’s largest fuel retailer plans to open its coffee outlets in India and Indonesia and expand its footprint in China to lower its reliance on revenue from fossil fuels with the world increasingly embracing electric vehicles and renewable energy.
PTT Oil & Retail Business Pcl will increase the number of its Cafe Amazon outlets by 60% to 6,000 by 2025, according to Chief Executive Officer Jiraphon Kawswat.
That will make it the world’s fourth-largest coffee chain by the number of outlets, up from sixth currently, she said.
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