Masan increases Phuc Long stake to 85%

By Dat Nguyen   August 22, 2022 | 07:25 pm PT
Masan increases Phuc Long stake to 85%
A Phuc Long store in District 10, Ho Chi Minh City. Photo courtesy of Phuc Long
Conglomerate Masan Group has bought another 34% in beverage chain Phuc Long Heritage to increase its ownership to 85%.

It paid VND3.62 trillion ($154.60 million) for the deal on August 1, according to its half-year report.

It has invested a total of VND6.45 trillion in Phuc Long.

In the first half of this year Phuc Long reported revenues of VND820 billion, a 38.5% rise year-on-year.

It has 98 flagship stores nationwide, according to its website.

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