Retail in Asia

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Thailand’s MFG, BreadTalk in venture

Minor Food Group (MFG), a business unit under Minor International Plc, and BreadTalk Group, a listed company in Singapore, has signed an agreement to establish a 50-50 joint venture company, BTM Thailand, to operate the bakery business under the BreadTalk brand in Thailand.

This marks the first collaboration between MFG and BreadTalk since MFG’s 11 percent investment in BreadTalk Group in 2013, Minor International said in a statement on Monday.

(Source: Bangkok Post)