Thai Union creates petcare subsidiaries in China, the Netherlands, announces share buyback program

Thai Union’s subsidiary i-Tail Corporation (ITC) has set up new companies in China and the Netherlands to oversee sales of the company’s pet food and pet-related products in the two markets.

The i-Tail (Shanghai) Co. will develop its private labels to expand sales of pet food and pet-related products in China and devleop new opportunities to invest in the petcare business in the country, according to a Thai Union press release. I-Tail Corporation will hold a 100 percent stake in the new company, which will have total registered capital of CNY 10 million (USD 1.43 million, EUR 1.35 million). The new firm is scheduled to commence operation in February 2023.

ITC has also created i-Tail Europe B.V. in the Netherlands to expand sales of ITC’s pet food and pet-related products in Europe, with a focus on the U.K., Germany, France, and the Netherlands ... 

Photo courtesy of Thai Union