Plans to open 180 new stores this year
Thaifoods Group Plc (TFG), one of the country’s leading chicken and pig producers, looks set to spend 3-3.5 billion baht to expand its business this year, especially through the opening of new retail outlets.
Chief operating officer Phet Nantavisai said 2 billion baht would be used to expand the company’s retail business by opening 180 new branches of Thaifoods Fresh Market, TFG’s chain of retail shops, which bring the total number of outlets to 400 by year-end.
Each new shop would cover 300 square metres, requiring an investment of 8-10 million baht and 10-12 employees, he said.
The new shops would…
