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Hawell's founder lists Thai ice cream chain for $6 million
The Economic Times··4 Sept
Siripong Akkarasriyuk listed Hawell's for sale at 165 million baht, about $6 million, as he prepares to enter monkhood. The first shop opened at Central Pinklao in December 1999 and grew to 22 branches within three years. Competition later forced closures, leaving one Bang Bua Thong outlet. The price covers the trademark, recipes, factory, machinery, licences and that store.
Prism
What It Means For You
- The asking price is 165 million baht, about $6 million.
- Only one Hawell's outlet remains, a standalone shop in Bang Bua Thong, Nonthaburi.
- Siripong says he wants a buyer so the brand continues rather than closing.
What's Happening
- Hawell's opened at Central Pinklao in December 1999 and reached 22 branches within three years.
- Mall competition later squeezed the brand; the original Pinklao shop closed in 2014.
- A standalone return came in 2023, Economic Times reported, citing Bangkok Post.
What the buyer would receive
- The package includes trademark, recipes, know-how, factory, office, machinery, licences and the store.
- Siripong has considered monkhood for more than 15 years and given himself about two years to settle affairs.
- In 2016 he published Success Derived from the Buddha on Buddhist practice and success.
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