TKN rejigs in the face of virus outbreakTaokaenoi Land shops will be converted to a new concept focused on health and targeted at local customers. Somchai PoomlardSET-listed Taokaenoi Food & Marketing Plc (TKN), the maker of Tao Kae Noi seaweed snacks, is restructuring its business after receiving a heavy blow from the coronavirus outbreak. Taokaenoi said sales contracted by 3% in 2019 to 5.26 billion baht. Of total sales, Thailand accounted for 40%, China 36% and international markets the remainder. Export sales contracted by 7% to 3.14 billion baht in 2019, mainly because of slowing sales in China, which contributed 61% of total export sales.

Source: Bangkok Post March 01, 2020 23:26 UTC