Supoj Chaiwatsirikul, left, the managing director of ICS Co, links hands on Wednesday with Mr Sompong, centre, as Ek-Chai Distribution System launched its first Lotus’s Privé outlet at ICS mall.
Encouraged by the expected recovery of the retail industry, Ek-Chai Distribution System Co, the operator of Lotus’s retail stores, plans to raise its investment by 50% to 11 billion baht to expand its business this year.
Sompong Rungnirattisai, the company’s chief executive, said the retail market now exhibits more obvious positive factors, including fewer Covid-19 infections and the recovery of the tourism industry since the fourth quarter of last year.
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