Thai energy giant PTT to triple coffee shops overseas to 1,000

yong · Post by **yong** » Thu Oct 07, 2021 4:29 pm

https://asia.nikkei.com/Business/Food-B ... 7&si=44594

Thai energy giant PTT to triple coffee shops overseas to 1,000
Conglomerate expects $1bn revenue stream from Cafe Amazon by 2025

Cafe Amazon, originally the brand for coffee shops inside PTT gas stations, has grown to over 3,700 locations worldwide. (Photo courtesy of PTT Oil and Retail Business)
MARIMI KISHIMOTO, Nikkei staff writerOctober 6, 2021 00:02 JST

BANGKOK -- Thai state-owned oil major PTT plans an overseas expansion for an entirely different kind of fuel, as the group looks to more than triple the number of offshore shops in its Cafe Amazon coffee chain to 1,000 by 2025.

The chain currently has 298 locations outside of Thailand. PTT aims to ink franchise agreements with major restaurant operators to add more coffee shops abroad.

The PTT group will provide support in areas such as marketing and localizing menus. A team of experts has been established to advise on franchise development. The goal is to have Cafe Amazon generate $1 billion in sales by 2025.

PTT Oil and Retail Business, the group company that operates Cafe Amazon, has adopted "retailing beyond fuel" as its new slogan. More than 90% of the company's revenue last year came from the oil business, which is mostly concerned with running filling stations.

Cafe Amazon debuted in 2002 as the brand for coffee shops inside PTT gas stations. The business has grown to become the sixth-largest coffee chain worldwide, with 3,432 locations in Thailand alone as of June.

There are Cafe Amazons in 10 countries, including seven Southeast Asian nations as well as China, Japan and Oman. PTT Oil and Retail listed on the Stock Exchange of Thailand in February.

mannanman · Post by **mannanman** » Thu Oct 07, 2021 5:24 pm

Yey. More coffee shop chains. Yey.

SternAAlbifrons · Post by **SternAAlbifrons** » Fri Oct 08, 2021 12:15 am

Ahhh PTT...

Responsible for Australia's biggest offshore oil disaster

PTT/EPAA said it regretted the Montara incident and acknowledged there were deficiencies identified in the company's operations in the Commission of Inquiry's report. The company said drilling supervisors and management associated with the incident have been removed from their positions with the company. According to a company spokesman, the Action Plan will "ensure the full accountability of key personnel to give greater oversight for reporting and checking of all critical offshore operations. This will strengthen the integrity and safety of drilling operations".[22]
yeah yeah

Kicked out of the Au Oil Producers association for continued lack of professionalism - NOT welcome in Au again. ever.

Enjoy your oily short black.