Travel Industry News at TravelNewsAsia.com since 1997
Tue, 31 May 2022

Dusit Expands Food Business with Acquisition of 55% Stake in Port Royal

(31 May 2022, 11:12 +07)  Dusit Foods, a wholly owned subsidiary of Dusit Thani, has bolstered its food business portfolio in Thailand by concluding an agreement to acquire a 55% stake in Port Royal, a baking factory producing French-style pastry products, and its associated Bonjour Bakery Asia franchise business, comprising more than 50 branches across Thailand and one branch in China.

The strategic upstream investment has been carried out in line with Dusit’s vision to optimise food quality and production costs within the group, seize new opportunities for growth and develop new streams of recurring revenue in food business.

Dusit plans to develop Port Royal’s OEM model to provide new B2B services and expand Bonjour Bakery’s franchise business domestically and internationally.

Port Royal's factory in the Eastern Seaboard Industrial Estate (Rayong) produces a wide range of French pastries and cakes. Click to enlarge.
Port Royal's factory in the Eastern Seaboard Industrial Estate (Rayong) produces a wide range of French pastries and cakes

As part of the acquisition, Dusit Foods, Port Royal and Bonjour Bakery Asia will establish a new joint venture named Bonjour Bakery Asia.

“This strategic acquisition is the latest significant development in the continued evolution of our food business,” said Ms Suphajee Suthumpun, Group CEO, Dusit. “Following our previous investment in NR Instant Produce Company Limited (NRF), which we sold to excellent returns as part of a strategic divestment when NRF was listed on the Stock Exchange of Thailand, we knew we would need to reinvest in the manufacturing side of food business to achieve our vision of standardising our products and optimising production costs for our food business overall. So, when the opportunity to invest in Port Royal and Bonjour Bakery arose, we did not hesitate. Not only will this investment help us to meet the aforementioned goals, but it will also open many doors for potential growth – internally, externally, domestically, and internationally – and ultimately bring new recurring streams of revenue to our company.”

Port Royal has a state-of-the-art factory in the Eastern Seaboard Industrial Estate (Rayong). It employs a team of seasoned professionals and has an established logistics and distribution network.

“In addition to employing advanced technology for maximum efficiency, Port Royal’s distinguishing feature is its experienced team specialised in designing flexible production processes that can be easily adjusted and scaled,” said Ms Suthumpun. “Port Royal’s comprehensive logistics network also ensures goods can be swiftly and efficiently distributed to B2B customers nationwide, which offers excellent growth potential.”

Dusit plans to focus on three key areas:

1) Product standardisation and cost optimisation, to support other businesses within Dusit, including, amongst others, hotels and restaurants.

2) Seizing opportunities to grow, by capitalising on Port Royal’s expertise and advanced manufacturing processes to create new high-end recipes and develop OEM services for B2B customers.

3) Recurring revenue, by expanding the Bonjour Bakery franchise model in Thailand and abroad and enhancing the marketing experience to cover all segments (B2C).

“With normal life resuming and economic activities on an uptrend, we see huge potential for growth in the food industry, and we look forward to maximising our investment in Port Royal and Bonjour Bakery to the benefit of all stakeholders,” said Ms Suthumpun. “In line with our group-wide strategy for balance, expansion, and diversification, we will also continue to seek opportunities to grow, complement, and leverage our existing operations to drive increasing returns across all our lines of business.”

Dusit’s past investments in the food sector include Epicure Catering, a provider of food services to international schools in Southeast Asia; The Caterers, a catering company for schools and events in Vietnam; and Kauai, a restaurant chain from South Africa that has penetrated the Thai market as part of a joint venture with Dusit Foods.

Headlines: Dusit Signs First Hotel in Malaysia  Minor Hotels Signs Luxurious Tented Camp on Banks of Kafue River in Western Zambia  Turkish and Vietnam Airlines to Research Air Cargo Joint Venture  Dorsett Hospitality Appoints Harmesh Singh as GM of Two Hotels in Kuala Lumpur, Malaysia  Porter Airlines Exercises Options on 25 More E195-E2 Jets  Michael Henssler Joins Centara as Chief Operating Officer  Perth, Australia Confirmed as Host of Routes Asia 2025  Airbus Forecasts Commercial Aircraft Services Market to Nearly Double in Value by 2042  Renaissance Hotel Opens in Harlem, New York  Swiss Deploys SITA eWAS Across Entire Fleet  CentralPlaza Rattanathibet's Major Redevelopment to Include a Hotel and Condo  Craig Bond Returns to Pan Pacific as Senior Vice President and Head of Operations  Korean Air Cargo Signs SAF-Related MOU with LX Pantos  Plaza Premium Opening Three Lounges at Chongqing Jiangbei Airport in China  Hi Fly Expands Fleet with Two Widebody Aircraft  Significant Increase in AirAsia Malaysia Flights to China and India  New Airport in Uttar Pradesh, India Confirms IndiGo as Launch Carrier  Sandie Johannessen Joins Minor Hotels as Group Director of Spa and Wellness - Asia  Thai Airways Signs SAF-Related MOU with PTT Oil and Retail Business  Earn Tier Points with Every Spend on British Airways American Express Premium Plus Card  Yotel's First Hotel in Malaysia to Open in Summer 2025  Hong Kong Airport Reports October 2023 Passenger and Cargo Traffic  General Manager Appointments at Anantara Hotels in France and Portugal  SITA Partners Versa for New Connect Go Solution  SalamAir to Launch Flights from Muscat to Five Cities in India  AirAsia X to Launch Direct Flights to Almaty, Kazakhstan  Pegasus Airlines Adopts Three SkyBreathe Solutions  Ungasan, Bali Home to Hilton's First LXR Resort in South East Asia  Electra's EL-2 Goldfinch eSTOL Aircraft Completes First Test Flights  WTTC Appoints Gloria Fluxà as Vice-Chair and Sustainability Committee Chair  Onyx Hospitality Signs Second Amari Hotel in Laos  TransNusa Launches Jakarta - Singapore and Jakarta - Guangzhou Flights  SriLankan Airlines Appoints APG as Passenger GSA in Ireland  SITA to Upgrade Qatar Airways' Global Network Infrastructure  Embraer Defense & Security Appoints José Gustavo as VP Sales & Business Development  AirAsia Malaysia to Launch Flights Between Kuala Lumpur and Perth, Australia  Korean Air Appoints Hoyeon (Chris) Chang as Country Manager for Cambodia  IHG Signs New-Build InterContinental Hotel in Kota Kinabalu, Malaysia  Chen Thipvarodom Appointed GM of Centara's New Hotel in Ayutthaya, Thailand  St. Regis Hotel Opens in Riyadh, Saudi Arabia  Thai Airways Partners Jim Thompson for New Royal Silk Amenity Kits  E190-E2 and E195-E2 Receive Type Certification from Civil Aviation Authority of Singapore  Oman Air Takes Delivery of First Dedicated Cargo Aircraft  United Airlines Confirms Tulum Airport (TQO) Flight Schedule  Queen Elizabeth 2 Floating Hotel Celebrates 15 Years in Dubai with Promotion  El Nido Resorts in Philippines to Close for Major Renovations - Exclusive Video Interview with GDOSM  Tourism Pahang, Malaysia - Interview with Uzaidi Bin Udanis at World Travel Market 2023 in London  Travel Trade Show to Take Over Major Football Stadium in Brazil - Exclusive Video Interview with ABAV  Sabre Hospitality Solutions Interview with Frank Trampert, SVP and Global MD Commercial  Exclusive HD Video Interviews with VIPs at World Travel Market 2023 in London, England  Diethelm Travel Rebrands as DTH Travel at WTM - Interview with Stephan Roemer, Partner and Group CEO  Sabre Travel Solutions - Lodging, Ground & Sea - Interview with Chinmai Sharma, Global Head, at WTMLDN  Goa Tourism (India) - HD Video Interview with Rohan A. Khaunte, Minister for Tourism at WTMLDN  Browns Hotels & Resorts in Sri Lanka - HD Video Interview with Eksath Wijeratne, CEO, at WTMLDN  IHG Signs Two Luxury Hotels in Chiang Rai, Thailand  Uttar Pradesh (India) Tourism - Interview with Prateek Hira, President & CEO of Tornos  Karnataka Tourism (India) - Interview with H.T. Ratnakar, Adviser - Tourism and Hospitality, Govt. of Karnataka  Madhya Pradesh Tourism (India) - Interview with Sheo Shekhar Shukla, Principal Secretary Culture & Tourism  Rajasthan Tourism (India) - Interview with Dr. Rashmi Sharma, Director - Department of Tourism  Arabian Camp, Saudi Arabia - HD Video Interview with Khalid Khafagy, Founder, at WTM 2023  airBaltic Orders 30 More Airbus A220-300 Aircraft  Two Senior Appointments at Ascott  SIA Group Aiming for SAF to Replace 5% of Fuel Requirements by 2030  Eve Signs MOU with NATS to Develop Urban Air Mobility Traffic Management Services  Avion Express Appoints Rolanda Lipneviciute as Head of Communications  Urban Air Mobility and eVTOL - HD Video Interview with Yannick Assouad, EVP Avionics, Thales  Sandrine de Saint Sauveur, President and CEO of APG - Interview at APG World Connect 2023  Seville to Host Routes Europe 2025 Forum  Rolls-Royce Completes 100% Sustainable Aviation Fuel Test Programme  HD Video Interviews from APG World Connect 2023 in Monaco, France  Dusit Signs Four Princess Hotels in Karnataka, India  Air Tahiti Nui and Tahiti Hotels / Tourism Interview with Michel Monvoisin, Chairman and CEO  TAAG Angola Airlines - HD Video Interview with Nowell Ngala, Chief Commercial Officer  Sabre Signs Multi-Solution Agreement with Taipei-Based Travel Agency  Minor Signs First Three Hotels in Paris, France  Sabre Travel Solutions Appoints Chinmai Sharma as Global Head - Lodging, Ground & Sea  APG World Connect 2023 in Monaco, France - Interview with Jean-Louis Baroux, President  SAS Resumes Flights Between Copenhagen and Bangkok, Thailand After 10-Year Hiatus  Air Astana Increases Flights to Bangkok, Delhi, Dubai, Jeddah and Phuket  Langham Signs 10th Luxury Hotel in China's Greater Bay Area  Sabre's NDC Solutions to Power Virgin Australia's Retailing Evolution  Asia Pacific Airlines Carried 23.7 Million International Passengers in September  Korean Air Orders 20 Airbus A321neo Aircraft  Drukair to Launch Bhutan - Singapore - Palau Flights  Air Canada Launches Vancouver - Dubai Flights  Air India Signs Expanded Distribution Agreement with Sabre  Singapore F1 Reports 'Phenomenal' Ticket Demand for 2024 Grand Prix  Exclusive Videos from Routes World 2023 in Istanbul, Türkiye  Love The Philippines - Interview with W. Andrada, OIC-Assistant Secretary of Tourism Development  Saudi Arabia's Air Connectivity Program - Interview with Sultan Otaify, VP Strategy & Communication  Helsinki Airport (HEL) Interview with Ulla Lettijeff, SVP and Director, at Routes World 2023  Finavia Lapland Interview with Jani Jolkkonen, SVP Airport Network, at Routes World 2023  Malaysia Airports Video Interview with Megat, Senior General Manager Strategy  Korea Airports Corporation Video Interview with Soowan Seo at Routes World 2023  Skyscanner Interview with Michael Docherty, Commercial Director, at Routes World 2023  Airports in Sweden - Interview with Elizabeth Axtelius, Director Aviation Business, Swedavia  Marriott Signs Three Luxury New-Build Resorts in Vietnam  Hong Kong International Boat Show 2023 to Take Place 30 November - 3 December  Singapore Changi Airport Upgrades Features and Renames Mobile App  Singapore Changi Airport - Interview with Peh Ke-Wei, VP of Passenger and Air Hub Development  Sommelier Marc Almert Selects Six New Short-Haul Wines for Korean Air  Beijing Daxing Airport (PKX) - Interview with Deputy GM Aviation Business at Routes World 2023  Suvarnabhumi Airport's (BKK) New Satellite Terminal - Interview with Paweena Jariyathitipong, AOT  Qantas Extends NDC Agreement with Accelya  Airports in Scotland - Interview with Gary Cox, Director of Aviation at Transport Scotland  Akbar Al Baker to Step Down as Group CEO of Qatar Airways; Successor Named  Boeing Forecasts Northeast Asia to Take Delivery of 1,350 Commercial Jets by 2042  Luke Borg Joins The Ritz-Carlton Langkawi as Executive Chef  Air Astana Takes Delivery of 11th Airbus A321LR  JFK T6 - Video Interview with Steve Thody, COO of JFK Millennium Partners, at Routes World 2023  Asia Pacific Advances Two New Air Traffic Management Concepts  Two Executive Appointments at Cathay  AirAsia to Help Repatriate Thai Nationals from Israel  Airbus and Republic of Singapore Air Force Complete Automatic Air-to-Air Refuelling Tests  Tourism Malaysia Video Interview with Datuk Musa Bin Yusof of MTPB at Routes World 2023  Air France-KLM Signs NDC Agreement with Sabre  Changes to World Travel Market's Exhibition Floor Reflect Latest Travel Trends  Thai Airways Unveils Winter Flight Schedule  Airbus Makes Changes to Senior Leadership; Establishes Commercial Aircraft Team  Bahrain to Host 29th Edition of Routes World  Fairmont Appoints Nils-Arne Schroeder as SVP Operations Asia Pacific and Middle East  Star Alliance Opens Second Lounge at Paris CDG Airport in France  Marathon Airlines Adds Aircraft to Embraer's Pool Program  Qantas Expands Neighbour-Free Trial to Select International Flights  Mactan-Cebu International Airport in Philippines - Video Interview with CEO, Julius Neri Jr.  MYAirline Suspends Operations; AirAsia Offers Discount to Help Passengers and Staff  Maldivian to Launch Flights Between Male and Bengaluru, India  PW127XT-L Engine Receives Certification from Transport Canada  Luxair Orders Four Embraer E195-E2 Aircraft  Air Canada Renews Distribution Agreement with Travelport  Airbus Tests Simplified Pilot Controls for eVTOL Aircraft  Gordon Ramsay Opens First Restaurant in Macau  SAS Appoints Mads Brandstrup as SVP of Communications and Public Affairs  TAAG Angola Airlines to Add Four Boeing 787s to Fleet  Patrik Ilstam Appointed GM of Anantara Koh Yao Yai Resort and Villas in Thailand  Thai Vietjet to Enhance Airport Operations with iPort DCS from Res2 and Travelport  airasia Superapp Expands foodpanda Partnership to Kingdom of Thailand  Embraer Unveils Phenom 100EX Entry-Level Business Jet  Airbus Commences Construction of A400M Maintenance Center in Wunstorf, Germany  Rob Gurney Joins Seabury Aviation as Strategic Advisor  Wyndham Opens Two Hotels in Taiwan  Dassault Launches New Flight Planning App  Clifford Weiner Appointed GM of Island Shangri-La, Hong Kong  Thailand Enhances Earth Observation Capability with Launch of THEOS-2 Satellite  SITA to Install Self Check-In and Bag Drop Kiosks at KL Sentral Station  Asia Pacific Airlines Carried 25.7 Million Int. Passengers in August  Sabre Making a Difference to STEM Students in Underprivileged Areas of India  Global Air Traffic Reaches 95.7% of Pre-COVID Levels in August; APAC Leading Regions  IndiGo Resumes Delhi - Hong Kong Flights  Electric Airport Taxis at Almaty Airport in Kazakhstan - Video Interview with Co-Founder  Pictures from Miss International Queen 2023 Transgender Beauty Pageant in Pattaya, Thailand  Exclusive Video Interviews with 17 Miss International Queen 2023 Contestants  Living With One Eye - Six Years On by Steven Howard  HD Videos and Interviews  Podcasts from HD Video Interviews  RSS Feed - Travel Industry News  Ticker - Travel Industry News  Travel Industry News Archives  Travel Trade Shows  High-Res Picture Galleries  Travel News Asia - Latest Travel Industry News 

Subscribe to our Travel Industry News RSS Feed Travel Industry News RSS Feed from TravelNewsAsia.com. To do that in Outlook, right-click the RSS Feeds folder, select Add a New RSS Feed, enter the URL of our RSS Feed which is: https://www.travelnewsasia.com/travelnews.xml and click Add. The feed can also be used to add the headlines to your website or channel via a customisable applet. Have questions? Please read our Travel News FAQ. Thank you.

     
Advertising
Advertising
Copyright © 1997-2023 TravelNewsAsia.com