PACE Unveils D&D Investment Plan
5 June 2015
PACE Development Corporation Plc. or “PACE” unveils that after it acquired Dean & DeLuca (D&D) brand and its businesses last year, the company has planned to make D&D the leader in the global gourmet F&B market. PACE currently holds THB 14 Billion worth of backlog from its residential developments which can be realized starting end of 2014, The company will use its income in furthering its property development business, while parts of the revenue will be invested in D&D store expansion. PACE targets to expand D&D mostly in specialty café format which requires lower capital investment while giving operators/ licensees’ flexibility and convenience in terms of operation, as well as less time required for store set up while return on investment is high. PACE believes that D&D will generate sustainable revenue recognition throughout the year and targets to achieve THB 3.3 billion worth of sales in 2015. In the long run, income from D&D will exceed revenue from property developments.