Evolution Capital Archives - Inside Retail Asia

Domino’s eyes Asia growth

Pizza chain Domino’s says it will enter Cambodia next year and Myanmar after 2015. Investigations are under way to locate franchise partners in Mongolia, Papua New Guinea and other developing markets in the Asia Pacific region, where it plans to double its 2500 strong network within eight years. Speaking to journalists in Bangkok, Dominos International VP for Asia-Pacific, Steven Pizziol, said the plan was to expand the regional network by 10 per cent annually. “In the next five years…

Evolution Capital speeds up expansion

Thai restaurant operator Evolution Capital is investing 1.5 billion baht ($46.5 million) to roll out more restaurants at home and abroad. Evolution Capital, operator of international brands Kyochon, Coffee Bean & Tea Leaf and Domino’s Pizza and owner of bakery brand Mr Jones’ Orphanage, targets up to 250 restaurants across all brands by 2018. It says it will focus on ramping up the international brands in Thailand by opening 50 new Domino’s Pizza, Coffee Bean & Tea Leaf, and Kyocho…

[:en]Mr Jones’ Orphanage heads offshore[:zh]Mr Jones’ Orphanage漂洋过海

[:en]Pastry franchise Mr Jones’ Orphanage is slated to open its first Japan location in July.Parent company Evolution Capital of Thailand has partnered with Q’s Dining Inc to take Mr. Jones’ Orphanage to Japan.The first outlet will span 150 sqm and is planned for Sapporo, with an additional 13 opening over the next three years.The Japanese expansion is just the beginning of a continuous overseas expansion, says Evolution Capital, which plans to expand to markets including Hong Kong, Du…

Coffee Bean Thailand set for expansion

Thai company Fico plans to triple the Coffee Bean & Tea Leaf network in Thailand. Fico, a subsidiary of Evolution Capital, plans to open between 10 and 12 new Coffee Bean & Tea Leaf outlets a year to reach its goal of 75 outlets by 2018 from 16 currently. The new outlets will be opened within shopping malls, community malls, office buildings and hospitals. Coffee Bean entered Thailand two years ago and it says the country is one of its fastest expanding markets alongside China a…

Korean franchise expands to Thailand

South Korean fried chicken restaurant chain Kyochon is taking its brand to Thailand. Kyochon F&B Co has partnered with Fico Group’s subsidiary Evolution Capital to open 15 restaurants by next year. Currently, there are two Kyochon restaurants in Thailand, both operated through franchise agreements, but Evolution Capital says it will soon control the operations. Evolution Capital CEO Sanjay Singh is optimistic about the Thai market’s potential for the brand. He says the fast foo…

Big boost for Thai food chains

Thai franchisee Evolution Capital is to open more Domino’s Pizza and Coffee Bean & Tea Leaf outlets. The company will allocate 600 million baht ($18.7 million) to expand its restaurant network across Thailand. It will increase Domino’s Pizza chain from from 12 by the year-end to up to 70 by 2017. Coffee Bean & Tea Leaf will be expanded from 17 by the end of this year to up to 70 by 2017. The company says the spending at its restaurants is unlikely to slacken despite the slowd…