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Thailand Faces Surge in Corporate Closures as Heavyweights Collapse
Thailand Faces Surge in Corporate Closures as Heavyweights Collapse
MONDAY, AUGUST 10, 2026
Over 7,000 Thai businesses folded in H1 as dissolved capital surged 223%, with experts warning of a harsher wave of closures in the second halfMarks & Spencer ends 31-year retail run in Thailand
Marks & Spencer ends 31-year retail run in Thailand
THURSDAY, JULY 16, 2026
British retailer Marks & Spencer has ended all in-store and online sales in Thailand after operating in the country since 1995True Shopping winds down after 14 years amid tougher digital competition
True Shopping winds down after 14 years amid tougher digital competition
WEDNESDAY, APRIL 01, 2026
True Shopping is closing after more than 14 years as consumers shift to digital platforms and competition intensifies, with suppliers to be paid in full by end-April 2026.Jetstar Asia to Cease Operations After Two Decades, Over 500 Jobs Lost
Jetstar Asia to Cease Operations After Two Decades, Over 500 Jobs Lost
WEDNESDAY, JUNE 11, 2025
Singapore-based low-cost carrier, part of Qantas Group, cites soaring costs and fierce competition for closureRestaurant industry faces crisis as domestic spending drops, Chinese tourists vanish
Restaurant industry faces crisis as domestic spending drops, Chinese tourists vanish
THURSDAY, MAY 15, 2025
Reports from the Department of Business Development show that over 60% of new restaurants fail within the first year, a sharp rise from 40% just a few years ago.Ratchada Night Market Shuts Doors Suddenly, Leaving Businesses in the Lurch
Ratchada Night Market Shuts Doors Suddenly, Leaving Businesses in the Lurch
MONDAY, MAY 05, 2025
Traders face losses and job cuts as popular Bangkok night spot closes abruptly after lease expiresShoppers make last visit to Tang Hua Seng department store
Shoppers make last visit to Tang Hua Seng department store
MONDAY, SEPTEMBER 09, 2024
Locals in the neighbourhood say they have had strong bonds with the department store for a long timeEconomist warns of further industry closures
Economist warns of further industry closures
MONDAY, JUNE 17, 2024
More businesses in the automobile, electrical appliances, and electronics industries are under threat of closure because they are not moving quickly enough to adapt to digital technology and global trends, an economic expert from the University of the Thai Chamber of Commerce has told The Nation.Almost 2,000 businesses forced to close in July
Almost 2,000 businesses forced to close in July
MONDAY, AUGUST 21, 2023
Many Thai businesses are struggling to continue operations, with almost 1,867 businesses shutting up shop in July, an 18.70% increase compared to the same period last year, but in line with the trends in business closures over the past 5 years.People remember the ‘good memories’ as Phuket’s oldest department store counts down to closure
People remember the ‘good memories’ as Phuket’s oldest department store counts down to closure
MONDAY, MAY 01, 2023
Robinson Ocean Phuket, the southern province’s first department store, is shuttering on June 30 after serving the people for 28 years.