23 Nov '12, 2am

Thailand's Minor woos Singaporeans

Despite its name, there is nothing small about the Minor Group, which plans to attract Singaporeans to invest in Thailand’s luxury property sector as well as expand its presence in Singapore. With gross revenues of over S$1 billion, Minor is one of Thailand’s largest hotels and resorts operators with over 70 properties, and also one of the country’s largest fast-food operators, with over 1,200 outlets across 23 countries. At present, Singapore accounts for about 10 per cent of Minor’s total revenue, largely from sales at outlets like The Coffee Club and Thai Express, which ironically was sold to the Thai-listed company by Singaporeans Grace Goh and Ivan Lee, who founded the chain in 2002. “We plan to grow these and are looking at opportunities elsewhere in the hospitality sector,” said Mr James Knowles, the company’s Vice-President for Sales and Marketing. He is also looki...

Full article: http://lushhomemedia.com/2012/11/23/thailands-minor-woos-...

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