The Longfort Group Acquires Scoozi

BANGKOK, THAILAND, January 26, 2017 - The Longfort Group, through L Concepts Ltd ("L Concepts"), has completed its acquisition of Scoozi Italian Restaurant Ltd ("Scoozi"). This marks The Longfort Group's maiden acquisition in Thailand as it seeks to expand its business interests in the country.

Scoozi is a category leader in Italian craft pizza in Thailand with 24 branches located across the Great Bangkok area. Scoozi opened its first location in downtown Bangkok in 2004 and specializes in Neapolitan-style pizzas made in traditional wood-fired ovens. Scoozi operates both dine-in and delivery formats and is a household name for pizza lovers in Bangkok.

"We are excited about our foray into the Thai consumer market especially through such an established platform as Scoozi," said TW Pang, chief executive of The Longfort Group. "The potential of the brand is enormous and we look forward to stewarding it for years to come."

The Longfort Group has been actively pursuing direct investment opportunities in the F&B sector since setting up L Concepts, a wholly-owned subsidiary, in 2015. L Concepts' mandate is to build a regional portfolio of unique F&B brands.