PTT wants the coffee chain to open 20,000 stores.
Thailand's biggest oil company is planning a US$1.3 billion investment over the next five years to build its Cafe Amazon franchise into a global brand.
Nikkei Asian Review reports that PTT Oil and Retail aims to open 20,000 branches around the world. "We aim to build the Cafe Amazon into a top-10 global brand over the next five years," Jiraporn Khaosawas, chief executive of PTT Oil and Retail said.
Cafe Amazon currently operates 2,300 branches in Thailand, Laos, Cambodia, the Philippines, Myanmar and Japan. Through franchise partnerships, the group is also looking the take the brand into the Middle East, China and other countries in the regions.
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(Photo credit: Cafe Amazon Facebook)
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