Tuesday, Apr 23 2024 | Time 14:41 Hrs(IST)
image
Business EconomyPosted at: Jan 8 2020 6:18PM


Panthera Group Founders Paul Hayward and Michael Doherty Announces its Policy in Europe to Broaden Opportunities for Long Term Investment

BANGKOK, Jan. 8, 2020 /PRNewswire/ -- Paul Hayward and Micky Doherty, Co-founders of Panthera Group, one of Thailand and Asia's largest and most successful entertainment groups, reveal their policy to expand business into the European market, beginning with the real estate industry in London due to its strength and potential after Brexit.
Paul Hayward, Co-founder said, "Now that the doubts over Brexit and the elections are calming down. Panthera Group sees the UK, and London in particular, as a place to make long term investments."
Panthera Group is in negotiations to acquire a majority stake in a boutique hotel brand based in London with more than 20 outlets throughout the UK.
Micky Doherty explains, "The strength of the Thai Baht has seen a slowdown in inbound investment and tourism in our home market of Bangkok and Thailand. While others are battening down the hatches we see this as an opportunity to use our strength here to look at overseas investments. The weak Pound and Euro are something we can make work for Panthera Group."
"We are also talking to a small brewery in London," says Micky Doherty, "as we have craft beer business in Asia and we do believe in vertical integration."
The Panthera Group, founded by Paul Hayward and Micky Doherty more than 15 years ago, is a powerhouse in Thailand with interests in hotels, property, logistics, law firms, nightclubs, restaurants and bars. With more than 2000 employees in cities all over Thailand Panthera plans to bring its combined experience and expertise to the UK, with strategic partners already in place.
Micky Doherty is confident -- "Our friends in London and Paris have been showing us opportunities that we see as both strategically smart while adding real value to the Panthera Group balance sheet."
Paul Hayward is even more forward thinking -- "My goal with Micky for the last 15 years has always been to take Panthera Group public. We have this firmly in our sights now. Panthera Group is big enough and with a very handsome balance sheet. The listing will happen in the next three to four years. Expanding into London and Europe is a natural evolution for a group our size. We need to diversify so that we are not hit by the political and economic scenarios that come to all countries periodically."
Paul Hayward is excited about what the future holds -- "Bangkok and Thailand have been incredibly good to me and we are now ready to expand out of the country we call home. We will continue our expansion here in Thailand while embarking on a new chapter in the Panthera Group story in Europe."
(Disclaimer--Features may vary depending on the regions; subject to change without notice.)
Please log in to get detailed story.
Tags: #Panthera Group Founders Paul Hayward and Michael Doherty Announces its Policy in Europe to Broaden Opportunities for Long Term Investment
More News
Rupee rises 3 paise against USD

Rupee rises 3 paise against USD

23 Apr 2024 | 11:35 AM

Mumbai, Apr 23 (UNI) The rupee continued to rise on Tuesday too, as it advanced 3 paise to 83.34 in the opening session on the selling of US dollars by bankers and exporters, dealers at the Foreign Exchange said.

see more..
Sensex up 400 points

Sensex up 400 points

23 Apr 2024 | 11:35 AM

Mumbai, Apr 23 (UNI) Extending the rally for the third consecutive day, the BSE Sensex on Tuesday spurted 400 points to open at 74,048.94 as buying was seen across the board.

see more..
Air India and All Nippon Airways to begin codeshare partnership for travel between India and Japan

Air India and All Nippon Airways to begin codeshare partnership for travel between India and Japan

23 Apr 2024 | 11:19 AM

GURUGRAM, Apr 23 (UNI) Air India, India’s leading global airline, and All Nippon Airways, the largest Japanese carrier, have signed a codeshare agreement connecting their networks.

see more..

Major Currencies down

23 Apr 2024 | 10:29 AM

Mumbai, Apr 23 (UNI) Following were the indicative currency rates and travellers' cheques
buying and selling rates.

see more..

RINL-VSP seeks help from all stakeholders in resolving severe coal crisis

22 Apr 2024 | 8:28 PM

Visakhapatnam (Andhra Pradesh), April 22 (UNI) In the backdrop of a severe coal crisis due to the halt in operations at Adani Gangavaram Port Limited (AGPL), Rashtriya Ispat Nigam Limited (RINL), popularly known as Visakhapatnam Steel Plant (VSP), on Monday requested all citizens, stakeholders, contract workers, and people's representatives to come together and assist the plant in resolving the coal crisis.

see more..
image