Fraser and Neave, a food and beverage, publishing and former brewing and property industries conglomerate and Maxim’s Caterers, food, beverage and restaurant chain, have acquired Starbucks Coffee Thailand. Financial terms were not disclosed. This acquisition is in line with F&N’s vision to be a stable and sustainable leader in Southeast Asia. The investment will add an iconic coffee brand to F&N’s portfolio of renowned brands which includes its proprietary 100PLUS isotonic beverage, strengthen F&N’s regional footprint and extend its presence into the retail coffee segment of the total beverage market. “We are delighted by the opportunity to partner Maxim’s to invest in Starbucks Thailand. This acquisition provides an interesting strategic opportunity for F&N to enter and participate in the fast-growing premium retail coffee market in Thailand, one of F&N’s 3 significant core markets. We believe that adding Starbucks Thailand, with its store footprint and its position as a well-recognized coffee retailer in Thailand, will strengthen our competencies in the on-premise sector and elevate our capabilities in directly engaging consumers, in the long term.” Koh Poh Tiong, F&N Director and Chairman of its Board Executive Committee.