Thaifoods to open 50 retail shops
Thaifoods Group (TFG) plans to invest USD 11.2 million to open 50 retail outlets in 2021. The retail stores called Thaifoods Fresh Market, targets the Hotels, Restaurants & Cafés (HoReCa) sector, SMEs and retail consumers and will offer TFG’s pork, chicken and other food products. The company which runs a commodity business says this venture will increase profits and reduce the impact of volatile prices. Currently, TFG operates two retail outlets in Thailand.