The American fast-food giant A&W looks set to close all 26 branches in Thailand as the economic fallout of Covid-19 takes its toll. According to a Nation Thailand report, Global Consumer Plc, which owns the Thai franchise, is seeking board approval to close all branches in the kingdom.
Global Consumer’s annual report shows that last year alone, A&W outlets in Thailand suffered losses of over 70 million baht. Multiple lockdowns and the changing behaviour of customers are being blamed for the losses, with most branches located in shopping centres that were shuttered for much of the pandemic.
However, according to a Nation Thailand source, there are 3 large food chains in talks with Global Consumer about purchasing the A&W franchise. The deal is thought to be worth around 500 million baht and could be finalised this month.
The A&W fast-food chain started life as a roadside shack in…
