Lok Wan Ni: PACE plans to make D&D the leader in the global gourmet F&B market
11 June 2015
Sorapoj Techakraisri, CEO, PACE Development Corporation Plc. or “PACE” states that after the acquisition of Dean & DeLuca (D&D) brand and its businesses last year, D&D mainly generates income from two sources, 1) sales of company owned stores in US and Thailand and 2) licensing business from global D&D license stores in 5 countries including Japan, Singapore, South Korea, Kuwait, and Philippines. Regarding store expansion, PACE foresees tremendous opportunities for specialty café format stores where scale is easier and faster to manage while this type requires minimum investment. At first stage, the focus will be the opening of new US D&D branches in CBD and prime tourist locations targeting high-end consumers who appreciate high quality food and beverage products.