Showing 1 - 10 of 76
Short-haul bookings remain weak
Business, Molpasorn Shoowong, Published on 09/07/2025
» Airlines report forward bookings for short-haul markets for the remainder of this year are weak, in contrast to the long-haul segment, while some carriers expressed interest in joining the Tourism Authority of Thailand's (TAT) stimulus campaign.
Red Bull heir moves $1.1bn stake to Geneva trust firm
Bloomberg News, Published on 03/06/2025
» NEW YORK -- When an Austrian marketer and a Thai businessman decided to launch Red Bull to the world, they settled on a simple ownership structure: each would own 49% of the venture.
Trump says won't fire Fed chief, signals China tariffs will come down
AFP, Published on 23/04/2025
» WASHINGTON — United States President Donald Trump said Tuesday he had no intention of firing the chair of the US Federal Reserve and signalled a "substantial" lowering of tariffs on China -- moves that brought relief to global markets spooked by his aggressive policies.
Lufthansa gets set for uptick in European visitors
Business, Narumon Kasemsuk, Published on 07/11/2024
» Lufthansa has prepared more than 220,000 seats for its winter schedule, resuming non-stop flights from Munich to Bangkok using Airbus A380s to cater to a robust growth in visitors from Europe.
Saudis partner with Central in UK retailer Selfridges
Bloomberg News, Published on 08/10/2024
» Saudi Arabia’s Public Investment Fund (PIF) is set to become a minority partner in the UK department-store chain Selfridges, controlled by Thailand’s Central Group, after buying out the position of the insolvent Signa Group.
Airline profits stay stagnant in Asia-Pacific
Business, Molpasorn Shoowong, Published on 21/06/2024
» Asia-Pacific is forecast to have the second-lowest aviation profit per region at US$1.2 per passenger this year, mainly attributed to sluggish growth in China and supply chain disruption, according to the International Air Transport Association (IATA).
Central buys rest of German luxury retail business
Reuters, Published on 14/06/2024
» FRANKFURT - The Thai retailer Central Group agreed to acquire the assets it has not already secured in KaDeWe Group, a chain of landmark department stores in Germany, part of the folded property empire of Austrian tycoon Rene Benko.
Central Group acquires iconic Berlin property
Online Reporters and Reuters, Published on 13/04/2024
» Thailand’s Central Group has confirmed that it has entered into an agreement to acquire 100% of the iconic KaDeWe department store property in Germany.
Central Group buys iconic German store, say sources
Reuters, Published on 12/04/2024
» DUESSELDORF, Germany - Thailand’s Central Group has bought the landmark KaDeWe department store property in Germany from the insolvent Austrian company Signa Group, two industry sources told Reuters on Friday.
Central ‘wants to acquire Signa retail assets’
Reuters, Bloomberg and Post Reporters, Published on 30/03/2024
» The Thai retailer Central Group wants to take over some more real estate assets from the insolvent Austrian property company Signa, including KaDeWe in Germany and Selfridges in London, Business Insider reported on Saturday.