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Business

Thai Beverage to acquire over a third of KFC outlets in Thailand

Chang brewer continues restaurant sector expansion, main focus still alcohol

KFC is Thailand’s largest fast-food chain with over 600 outlets.(PHOTO by Yukako Ono)

BANGKOK -- Thai Beverage, the brewer of Chang beer, is continuing to expand its restaurant business and will soon acquire more than a third of KFC outlets in Thailand.

TCC Group, a listed beverage and real estate conglomerate run by billionaire Charoen Sirivadhanabhakdi, said on Tuesday that its subsidiary is taking over more than 240 fried chicken outlets already operating or under development from Yum Restaurants International (Thailand).

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