BANGKOK -- Siam Commercial Bank, one of the largest banks in Thailand and whose largest individual shareholder is King Maha Vajiralongkorn, said Monday it has secured a 26.49% stake in upscale grocer Dean & DeLuca by converting debt held in the U.S.-based company.
Retail
Thai king's bank takes 26% of upscale grocer Dean & DeLuca
Siam Commercial stake helps local property group fulfill conditions of rehab plan
Pedestrians outside a Dean & DeLuca storefront in Bangkok: The grocer's parent company has scaled down the chain's U.S. operations. (Photo by Marimi Kishimoto)
Read Next
.jpg?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Retail
