As if the agricorp conglomerate couldn’t get any bigger, Charoen Pokphand Group will expand into Australia.
The dynastic corporation with deep Chinese roots opened its first restaurant in Melbourne and has partnered with a husband-wife team there to deliver hundreds of Thai fast food restaurants, The Malay Mail Online reported.
“Over the next four years our target is 300 to 500 stores with a modern Thai, fast-food, great value-for-money offering,” said Richard Lovell, CP’s Australia general manager.
According to CP, it wants to see a 7 percent increase in fast food revenues within 10 years.
The conglomerate has already expanded into India, Vietnam, Cambodia and Myanmar.
