Dean & Deluca owner, Thailand’s Pace defaults on debt of $86 mln
Thai property firm Pace
Development Pcl, owner of the high-end grocer Dean &
Deluca, said on Monday it was in default of 2.6 billion baht
($86 million) with one of the nation’s largest lenders as of
Oct. 18, sending its shares down 25%.
Development Pcl, owner of the high-end grocer Dean &
Deluca, said on Monday it was in default of 2.6 billion baht
($86 million) with one of the nation’s largest lenders as of
Oct. 18, sending its shares down 25%.
Posted by Reuters
