Zen to expand through more acquisitionsZen Corporation Plc, the operator of Zen and Tummour restaurant chains, vows to continue acquiring food and food-related businesses and expand its street food models to balance business risk. "We are still focussing on the street food business because it is not affected by the pandemic. According to Mr Boonyong, due to street food stores being located outside malls, it is a perfect model that has good sales be it dine-in, delivery or takeaway. Zen reported total revenues of 1.11 billion baht in the first half of the year, up by 14% over the same period last year. However, it posted a net loss of 38.6 million baht for the first half, improving on a 125 million baht net loss in the same period last year.

Source: Bangkok Post August 26, 2021 00:00 UTC