Yesterday, the group signed a loan agreement worth US$50 million (Bt1.73 billion) with HSBC Thailand. “Our business strategy is to expand our portfolio overseas to balance our business when facing trade measures,” he said. Last year, Thai Union Group reported revenue of Bt134 billion, up 7.3 per cent from 2015, and net profit of Bt5.25 billion, down by 0.94 per cent. It has a marketing budget of Bt50 million aimed at first-year sales of Bt300 million from the new brand. QfreshThe group also targets Qfresh sales reaching Bt1 billion within five years, with average annual growth of 20 per cent.

Source: The Nation Bangkok April 07, 2017 18:00 UTC