Fast-food chain A&W to close all branches in Thailand following huge Covid losses

The American fast-food giant A&W seems set to close all 26 branches in Thailand as the financial fallout of Covid-19 takes its toll. According to a Nation Thailand report, Global Consumer Plc, which owns the Thai franchise, is looking for board approval to close all branches in the kingdom.
Global Consumer’s annual report exhibits that final year alone, A&W shops in Thailand suffered losses of over 70 million baht. Multiple lockdowns and the changing behaviour of shoppers are being blamed for the losses, with most branches situated in purchasing centres that have been shuttered for a lot of the pandemic.
However, based on a Nation Thailand source, there are 3 giant meals chains in talks with Global Consumer about purchasing the A&W franchise. The deal is thought to be value round 500 million baht and might be finalised this month.
The A&W fast-food chain began life as a roadside shack within the city of Lodi, California in 2019. ติดตั้งโซล่าเซลล์ที่อยุ่อาศัย was concocted for the first time on a scorching dog cart during a parade. The shack turned a restaurant in 1923, with the first branch opening in Sacramento, and by 1926, A&W had shortly grown into a franchise. The chain now has around 1,000 branches worldwide and opened its first Thai outlet in the Central Ladprao shopping center in 1983.
In associated information, mounting losses have pushed the board of Global Consumer Plc to approve the sale of the 2 remaining shops of Kitchen Plus Restaurant and Coffee Corner..

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