The Thai restaurant operator Minor Food Group has acquired a 50.1 per cent stake in local café company Gaga Beverages.
The move comes as part of its plan to expand the retail beverage business. “Given Gaga’s strong brand recognition both offline and online, the brand has great potential to scale,” said Anhul Chauhan, CEO of Minor Food.
“Gaga’s beverage category will solidify and complement our existing food brand portfolio,” said Dillip Rajakarier, CEO of Minor International. “Its members have strong engagement with the brand and are a testament to its brand strength. We will capitalise on this partnership to cement Minor Food’s leading position in Thailand’s restaurant and food retail industry.”
