Popular lifestyle conglomerate Greyhound has a new owner.
Sub Sri Thai dropped a hefty sum of THB1.85 billion yesterday to effectively acquire Greyhound Group’s cafe and fashion holdings.
Publicly traded Sub Sri Thai reported to regulators yesterday it picked up about 1.1 million Greyhound shares to expand its own horizons with a platform to wider domestic and international markets.
Sub Sri Tah shares fell by 7.9 percent down to THB22.10 at yesterday’s close but were trading up today. Two years ago the company absorbed the domestic partners behind Dunkin’ Donuts and Au Bon Pain.
Greyhound founder Bhanu Inkawat approved of the transaction, saying the two groups share the same vision for the company’s growth in Asia, The Nation reported.
According to Inkawat, there are currently 15 Greyhound franchises in Asia. The company aims to expand in countries including Singapore, Malaysia, the Philippines and Dubai.
In addition to existing Greyhound franchises, Sub Sri Thai said it plans to add its own brand to the mix.
Photo: Greyhound Cafe
