Thai Property Developer to Buy Dean & DeLuca for $140 Million
24 November 2014
Thai property developer PACE Development Corporation Plc. agreed to buy gourmet food brand Dean & DeLuca for $140 million with intentions to boost the chain’s footprint. PACE said it plans to add hundreds of new Dean & DeLuca stores in the next two years to add to the current 42 stores and increase the global footprint to 15 countries from eight.
