Neo Suki To Open China Franchise
Neo Suki Thai Restaurants has returned to the Chinese market with a plan to have three franchises up and running in Guangzhou next year.
The company recently signed a Memorandum of Understanding (MoU) with Feed Master Group (China) to be its franchisee in the country, managing director Skon Kubpiyajanya said last week.
Neo Suki will co-invest with Feed Master Group in each Neo Suki restaurant, contributing 20 to 25 per cent. It will receive a share of the revenue from each restaurant equivalent to the investment stake, as well as a franchise fee.
This is the first time that Feed Master Group, whose primary business is manufacturing animal feed, has diversified into another food business. The firm approached Neo Suki a few months ago about buying franchises. More.
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