Since Ben Holt, Blades’ chief financial officer (CFO),
believes the growth potential for the roller blade market
in Thailand is very high, he, together with Blades’
board of directors, has decided to invest in Thailand.
The investment would involve establishing a subsidiary
in Bangkok consisting of a manufacturing plant to produce
Speedos, Blades’ high-quality roller blades. Holt
believes that economic conditions in Thailand will be
relatively strong in 10 years, when he expects to sell the
subsidiary.
Blades will continue exporting to the United Kingdom
under an existing agreement with Jogs, Ltd., a
British retailer. Furthermore, it will continue its sales
in the United States. Under an existing agreement with
Entertainment Products, Inc., a Thai retailer, Blades is
committed to selling 180,000 pairs of Speedos to the
retailer at a fixed price of 4,594 Thai baht per pair.
Once operations in Thailand
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