Easier to capture Thai market as the brand is already wellknown so it will be easier to launch marketing campaign to gain interest from people. Bireley’s will also help expand other fruit juice business from ICHI group.
From the previous experience of K.Tan, his brand Seiki, was not successful due to many factors. The brand is unknown so very hard and need large amount of money to invest to increase brand reputation.
Price is another factor that drive unsuccessfulness of seiki. Seiki was too expensive compare to other brands in the market. With price of 20Baht other brands can give you more amount to consume.
However, for Bireley’s there is no need to increase its reputation that much because everyone know the brand already so he can save some money to invest on something else. For example on research and development and packaging, etc.
The brand license also cheap compare with what he has done on promoting the no name brand. He bough Bireley’s for only 80M Baht to distribute Bireley’s in Thailand while he spent more than 100M Baht in introduced the new brand to the market and totally failed on that.
Investment in Bireley’s increase product line under ICHI corp. which help support bussiness expanstion and risk mitigation as well.