Fast-food chain A&W to close all branches in Thailand following huge Covid losses

The American fast-food large A&W seems set to shut all 26 branches in Thailand because the financial fallout of Covid-19 takes its toll. According to a Nation Thailand report, Global Consumer Plc, which owns the Thai franchise, is seeking board approval to shut all branches within the kingdom.
Cinch ’s annual report reveals that final year alone, A&W retailers in Thailand suffered losses of over 70 million baht. Multiple lockdowns and the changing behaviour of shoppers are being blamed for the losses, with most branches positioned in buying centres that had been shuttered for much of the pandemic.
However, in accordance with a Nation Thailand supply, there are 3 giant food chains in talks with Global Consumer about buying the A&W franchise. The deal is thought to be worth round 500 million baht and might be finalised this month.
The A&W fast-food chain started life as a roadside shack within the city of Lodi, California in 2019. Its famous root beer was concocted for the first time on a hot dog cart during a parade. The shack turned a restaurant in 1923, with the primary department opening in Sacramento, and by 1926, A&W had rapidly grown into a franchise. The chain now has round 1,000 branches worldwide and opened its first Thai outlet within the Central Ladprao shopping mall in 1983.
In associated information, mounting losses have pushed the board of Global Consumer Plc to approve the sale of the 2 remaining outlets of Kitchen Plus Restaurant and Coffee Corner..

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