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FDI Alerts
O: Origin, D: Destination, S: Sector
Black Canyon expanding overseas
December 25, 2009
O: Thailand - D: China, Indonesia, Malaysia - S: Coffee and restaurant chain
- The Black Canyon coffee and restaurant chain aims to triple its overseas outlets to 100 within the next five years to reduce local political risk.Its overseas outlets in six countries - Singapore, Indonesia, Malaysia, Burma, Cambodia and the United Arab Emirates - would total 34 by the end of this year, said Pravit Chitnarapong, managing director of Black Canyon (Thailand) Co.
- The company will open its first branch in Shanghai in April on a franchise basis. It will cost 12 million baht and cover 150 square metres of space on Nanjing Road.
- Apart from China, the company plans to open another five outlets next year, three n Indonesia and tow in Malaysia.