- Business
- Gratitude Infinite Public Company Limited (GIFT.BK) supplies and distributes chemical products, health foods, oil-refinery and power plant equipment, pharmaceutical and medical products, fragrances, skincare-cosmetic products, and health supplements in Thailand; it also operates a digital retail platform offering IT products including SIM cards, mobile phones, tablets, accessories, IoT devices, smartwatches, and health-related IT equipment through physical stores and online channels, alongside food and beverage businesses featuring restaurants such as Okonomi, Yuji Ramen, BEAM Club, BEAMCUBE, Beer Belly, and Mom’s Touch, and engages in hospitality, wellness, and beauty services related to aesthetics and anti-aging clinics. Founded in 1999 and headquartered in Bangkok, the company, formerly known as Union Intraco Public Company Limited, is a subsidiary of Union Petrochemical Public Company Limited and primarily serves industrial, consumer, and retail markets across Thailand with 47 employees. In March 2024, its board approved the acquisition of food and beverage businesses totaling 14 locations including BEAM Club, Beer Belly, OKONOMI, Yuji Ramen, and Mom’s Touch for 235 million baht plus 185 million baht for rental spaces, aiming for 200 million baht in revenue in the second half of 2024 and significant growth in 2025 through expansion to 20-30 restaurant branches and 3-5 hangout venues; it also sold land in Bang Phli, Samut Prakan, worth 83 million baht, while undergoing a 2-for-1 stock split and recent board and management changes including new CEO Chet Chetchotisak and CFO appointments.