ThaiBev May Sell KFC Business in Thailand

ThaiBev is working with Bank of America to see if people want to buy its KFC business. A sale is not certain.

ThaiBev's subsidiary, QSA, bought over 240 KFC stores in Thailand for $336 million in 2017. QSA now has more than 500 KFC stores.

QSA has more KFC stores than other operators in Thailand, with over 500 stores nationwide.

People are seen walking by a KFC restaurant in a Thailand mall.

ThaiBev is a big drink maker in Thailand, known for Chang beer and SangSom rum.

ThaiBev made 14.2 billion baht in profit in the first half of the year, which is 3.2% less than last year. Its revenue was 173.2 billion baht, down 2.5%.

The company's food business made 54 million baht in profit, which is 21.7% less than last year. This is because of higher costs from expanding restaurants and taxes.

ThaiBev is part of a big business group owned by Charoen, which also includes a property developer and a packaging firm.

Charoen and his family are very rich, with a net worth of $11.5 billion, according to Forbes.

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