After selling Phuc Long Coffee & Tea to Masan, founder Lam Boi Minh stepped away from managing the coffee chain and ventured into the hospitality industry. He established Phuc Long Hospitality, focusing on developing a hospitality ecosystem.
The first initiative is the Phuc Long Luxury Hotel, newly opened at 244 Vo Nguyen Giap, Son Tra District, Da Nang. The hotel offers nine types of rooms, most of which boast ocean views, and is just a short stroll from My Khe Beach.
Phuc Long Hospitality Hotel
The property features amenities such as an infinity mineral salt pool on the top floor, a spa, a gym, and a children’s play area. It also houses a restaurant serving Vietnamese and international cuisine, along with meeting rooms and event spaces that can accommodate up to 220 guests.
Lam Boi Minh, born in 1946, is the founder of the Phuc Long Coffee & Tea brand. He built the brand from its inception in 1968 and opened the first three stores in Ho Chi Minh City in the 1980s, laying the foundation for its future growth.
Lam Boi Minh, Founder of Phuc Long Coffee & Tea
In 2021, he sold a 51% stake in Phuc Long Heritage to Masan Group, valuing the brand at an estimated $355-455 million. Following subsequent transactions, Masan increased its ownership to 85%.
Mr. Minh believes that partnering with a large corporation was a necessary step to introduce Phuc Long to the international market in a systematic and sustainable manner. Prior to this, he had experimented with a franchise model in the US without charging any fees.
Beyond the beverage industry, he also serves as the legal representative of Phu Nhuan 168 Joint Stock Company, acquired from Coteccons in 2022.
“Masan Shares Surge: A Billionaire’s Fortune Reaches New Heights”
As of Forbes’ real-time update, Nguyen Dang Quang’s net worth stands at a staggering $1.2 billion, witnessing a surge of $75 million, which equates to nearly VND 2,000 billion. This surge has propelled him to secure the 2,797th rank on the esteemed list of the world’s richest individuals.
Week of 16-20/12: Masan’s Subsidiary Shareholders Enjoy ‘Dividend Shower’
During the week of December 16-20, 2024, 19 companies will finalise their cash dividend payments. The highest rate, an impressive 95% (equivalent to VND 9,500 per share owned), goes to a subsidiary of the Masan Group.
The Penultimate Pen: Crafting a Captivating Headline
“Vingroup and Masan’s Big Four Deals: Accounting for Nearly 60% of M&A Value in the First Three Quarters”
The domestic investors dominated the Vietnamese M&A market in the first three quarters of 2024, with the standout deal being Vingroup’s divestment from Vincom Retail, valued at approximately $982 million.
The Heiress of Masan Group Purchases Nearly 8.5 Million Shares of MSN
Ms. Nguyen Yen Linh, daughter of Mr. Nguyen Dang Quang, Chairman of the Board of Directors of Masan Group Corporation (HOSE: MSN), purchased nearly 8.5 million MSN shares out of the registered 10 million shares from October 29 to November 18, 2024.
The Billionaire’s Daughter: A $26 Million Investment in MSN Stock.
As of her latest transaction, Ms. Nguyen Yen Linh now holds nearly 8.5 million MSN shares, equivalent to 0.59% of Masan Group’s capital.
