13 September 2014
Restaurant and coffee-house operator Evolution Capital plans to speed up its expansion over the next four years, allocating Bt1.5 billion to establish more outlets in Thailand and Cambodia.
Based on our established business plan, it is an optimum scale that we need to reach in order to create a successful and profitable business. Therefore we expect that by 2018 we will have seen rapid expansion of our branded restaurants, targeting 220-250 stores altogether for all brands. The Evolution Capital would post Bt650 million in revenue this year, up from Bt420 million last year. The company expects its annual revenue to reach Bt5 billion by 2018, as long as the market conditions remain favourable and the investment climate in the country is stable.
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