FRIDAY, March 29, 2024
nationthailand

OR takes 'Café Amazon' to Vietnam in JV with Central Restaurants

OR takes 'Café Amazon' to Vietnam in JV with Central Restaurants

PTT Oil and Retail Business Plc (OR) and Central Restaurants Group Company Limited (CRG) signed a joint venture agreement on Thursday (December 19) for the establishment and operation of a “Café Amazon” branch in Vietnam's Ho Chi Minh city in the second quarter of next year.

OR is a subsidiary of PTT Plc. PTTOR International Holdings (Singapore) Pte Ltd, a company under OR, will take a 60 per-cent stake in the joint venture, with CRG holding the balance of 40 per cent.
OR's total investment in the project will not exceed US$ 2.1 million. It will provide a master franchise right to the JV to expand "Cafe Amazon" in the country.
 

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