Can Thai tea chain ChaTraMue burst the bubble tea market in Southeast Asia?

Malaysian hospitality company Woodpeckers Group has added a new food business to its portfolio, with the recent signing of a 20-year franchise agreement with Cha Thai International, the owner of popular Thai tea chain ChaTraMue.  The agreement will see Woodpeckers open between eight and 10 ChaTraMue stores in Malaysia this year, with an additional 30 stores scheduled for the following year. Notably, five stores are slated to commence operations in the first quarter of the upcoming year. Woodpec

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