Thailand’s Tanachira Retail debuts on Thai stock exchange

Its net profit reached US$1.95m in H1 2023, up 88.14% from last year.

Thailand-based luxury retail group, Tanachira Retail Corp PLC, started trading on the Stock Exchange of Thailand (SET) to augment its business expansion and become a Thai lifestyle company in the regional market.

The debut of Tanachira (TAN) came at a time when the distributor of world-class lifestyle and fashion brands achieved a net profit of $1.95m (71.06 million baht) in the first six months of 2023, an 88.14% improvement from the year prior.

It began trading TAN shares on 18 October 2023 in SET under the service and commercial business category following its offer of an IPO of 77.5 million shares at a price of THB16.50 (US$0.45) per share.

TAN CEO Tanapong Chiraphanidchakul said the company’s expansion and trading strategies mark “an important step to help TAN grow into a leading lifestyle company in the region, supported with strong financial capital to expand its business ecosystem in the future.”

ALSO READ: Four shifts transforming Southeast Asia's retail landscape

TAN chief financial officer Chidchanok Jangpol said the company's first half-year results of 2023 generated a total sales revenue of THB655.80 million (US$18m), up 18.01% compared to the same period last year.

TAN is the owner of HARNN Group, a global distributor of body care, skincare, spa, and aromatherapy products. By Q3 2023, the group expanded with TAN branches overseas, opening its first branches in Singapore and Vietnam, including the first Marimekko’s first branch in Singapore.

This helps support TAN's continuous growth and aims to become a leading lifestyle company in the region.

THB 1 = US$0.027

Also Read

GOELIA expands with 9 new store openings in China and Singapore

Gentle Monster opens first flagship boutique in Australia

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit