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Thailand’s Scotch puts retail plan on hold amid high competition

Scotch Industrial (Thailand) Co, the producer of Scotch bird’s nest food supplements, has suspended its plan to develop a new shopping project due to intense competition in the retail market.

Marketing director Sompoch Chawanvejakul said many big players in the retail and property sectors are expected to develop projects next year because of the better economic outlook. More importantly, the company does not have enough retail expertise as its core business is related to manufacturing and healthy food, he said.

Its first shopping complex under the Supreme brand opened three years ago on Samsen Road in Bangkok, but it has not been as popular as expected.