Tanachira Retail Corporation, the importer and distributor of the Finnish fashion icon Marimekko and some other major brands is planning to have its initial public offering (IPO) with Thailand’s Securities and Exchange Commission next month.
Tanachira’s strategy is to become a regional player, with 3 billion baht in sales, of which 20% would come from international markets. One of these is Singapore, where the company is planning to open its first Marimekko store next month.
Last year, Tanachira had 1.26 billion baht in sales, 17% of this coming from Marimekko.
Read the news HERE.
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