OR adjusts its lifestyle business strategy to look for new opportunities in the food and beverage business.

PTT Oil and Retail Public Company Limited (OR) has adjusted its business strategy in the lifestyle sector by planning to expand investment in food and beverage-related businesses. Strengthen your portfolio Mr. Ditat Panyarachun, Chief Executive Officer of OR, revealed that OR is ready to adapt to economic changes in the global context. OR is in the process of reviewing and improving its investment portfolio in various businesses that it has previously invested in to assess the suitability and adjust it to align with the current situation and future goals, as well as diversify investment into OR's new businesses in addition to its core oil and retail businesses to create business opportunities, especially in the lifestyle business and food and beverage (F and B) business, which are OR's priority businesses. OR has carefully considered various factors and has considered terminating the Texas Chicken business. It is expected that all branches will be gradually closed by September. OR continues to strive to seek new opportunities and business partners in line with OR's goal to continue to be one of the leaders in the food and beverage business. OR believes that this strategic adjustment will help create sustainable growth and appropriate returns for all stakeholders, which is in line with OR's vision of being a lifestyle leader while seeking a variety of new business opportunities for long-term sustainable growth, as well as in line with OR's vision of "Empowering All toward Inclusive Growth". Source: Thai News Agency