TO DISCUSS YOUR PROJECT OR LEARN MORE ABOUT OUR SERVICES:

  • This field is for validation purposes and should be left unchanged.

Fico and Evolution Tap Into Food Service Sector

Category: Hotels, Posted:11 Oct 2012 | 06:00 am

News of the acquisition of a 33.7% stake in the listed firm Evolution on the SET by hospitality focused group Fico has the industry buzzing.
Evolution is a shareholder in Red Planet Hotels who hold the Tune budget hotel franchise in a series of key Asian countries.
Fico is best known for its hotel portfolio which includes a number of ACCOR managed properties.
Under the deal Fico which has country rights for Coffee Bean and Tea Leaf and Domino's Pizza will vest these into the Evolution entity. They also have the in house Iron Fairies and Mr Jones Orphanage outlets which they are keen to expand.

Thailand already has a crowded playing field in the food services sector including prominent plays such as Minor and Central, so there remain intrinsic challenges to the move. Will we see a second round of pizza wars?

Other News

Read more

Phuket’s World Class Creative Mad Metal Men

Category: Tourism, Posted:15 Jan 2021 | 09:15 am The Underwood Art Factory with its crazy, cool, innovative metal sculptures and fabrication is one of the island’s best global exports to some of the leading design hotels around the globe. Founder John Underwood’s long-term work with renowned design guru Bill Bensley has seen his work showcased in countless iconic locations and properties. The Underwood […]
Read more

Travel Between Bangkok and Phuket Without Quarantine Allowed

Category: Tourism, Posted:13 Jan 2021 | 10:40 am There is currently a lot of confusion on whether travel between Phuket and Bangkok is allowed, and whether a 14-day quarantine is required. The Phuket Covid-19 Information Centre have posted in Thai language only that temporary visitation is allowed (not more than 14 days). Those coming from the maximum controlled areas, high-risk areas and four […]
Read more

Is A Forced Closure Order For Phuket Hotels Needed?

Category: Hotels, Posted:10 Jan 2021 | 18:18 pm On Saturday 9th January a new order from the Phuket governor that requires a 14-day quarantine for arrivals from Thailand’s ‘red zone’ areas has thrust the island’s hotel and tourism sector into unknown territory. The impact over the past week, post-New Year on travel to the island has methodically ground down airlift to the point […]