Krungthep Turakij: PACE invests in Dean & DeLuca to boost its business
23 December 2014
PACE Development affirms its acquisition over ‘Dean & DeLuca’ will help the company to have more stable finances. Mr. Sorapoj Techakraisri, Chief Executive Officer of PACE Development Corporation plc, Thailand’s high-end real estate developer said PACE core business (real-estate) although might get affected from economic cycle less than other developers. But the business is restrained by the period of construction which affects the realization of the company’s income. However, by adding F&B business which has high profit margin, will add a sustainable income stream to PACE portfolio and increase investors’ and buyers confidence in the company
