% and was mainly due to (1) the opening of new branches, (2) increased sales of raw material to franchisees and (3) increased sales of retail merchandise. Franchise fee income increased from THB 13.0 Mn

period last year, which was driven by SSSG of 6.8% in our hardline retailing in Thailand category, and the introduction of new merchandise and the installation of in-store amenities such as air

159.4 5.6% 192.4 6.4% 20.9% Revenue from Food Delivery & Catering 13.5 0.5% 101.6 3.4% 656.3% Revenue from Retail Merchandise 7.2 0.2% 28.3 0.9% 293.1% Total Revenue from Sales of Food and Beverages

was expected to expand at a slower pace compared with the same period last year due to a contraction in merchandise exports and a slowdown in tourism growth resulting from uncertainty about the trade

expanded at a slower pace compared with the same period last year due to a contraction in merchandise exports resulting from uncertainty in the trade policies of major countries and the Baht’s ongoing

the top five corporate culture qualities identified by Guiso, Sapienza, and Zingales (2015): innovation, integrity, quality, respect, and teamwork. Using the resource dependency theory and agency theory

merchandise, gourmet food and beverage in the United States . As of 31 December 2018, the Company has company-operated stores and licensed stores as follows. In the future, the Company has a plan to focus on

, decreased by 23% as compared to 2017. This was due to closure of a total of four stores and decrease in the sales of merchandise, gourmet food and beverage in the United States . As of 31 December 2018, the

DEAN&DELUCA were 489 million Baht; slightly decreased by 23% as compared to the Q1 2018 of 147 million Baht. This was due to closure of a total of four stores and decrease in the sales of merchandise

respectively, an increase of THB 43.5 Mn or 3.1%. This was mainly due to (1) the opening of new branches, (2) increased sales of raw material to franchisees, (3) increased sales of retail merchandise and (4