ASIA BOOKS SOLD FOR US$39.8 MILLION
Asia Books, Thailand's leading English language bookshop chain, has been purchased by Berli Jucker Public Company Limited (BJC) for 1.19 billion baht (US$39.8 million).
The company, which was established in 1969, has more than 70 outlets in Thailand under the Asia Books and Bookazine brands. It also acts as a distributor for local and international magazine and book publishers. It was previously owned by an equity fund and private investment company.
BJC is controlled by liquor tycoon Charoen Sirivadhanabhakdi who was ranked as Thailand's third richest person by Forbes magazine last year.
2 comments:
Khun Charoen and Khunying Wanna practically own this town. A truly entrepreneurial family. I hope the new management continues improving the Ebooks site to make them more popular in Thailand. It'd be a good idea, since Amazon likes to slap that surcharge on international customers.
Really hoping they expand the catalogue in general. The coffee table books are great, but the literature catalogue is frustratingly poor. :)
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