Wednesday , June 16 2021

CP: Chatchavan Chearavanont buys 5 billion baht to buy Fortune magazine



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Chatchavan Chearavanont, nephew Dhanin Chearavanont, senior vice president of Charoen Pokphand Group Buy a Fortune magazine in the US With nearly 5 billion baht for private investment. Targeted as the world's leading brand for business media.

An article on Fortune's website, written by Andrew Nucka, states that Meredith, based in Des Moines, Iowa, announced on Friday. The company agreed to Fortune Media Group Holdings, a $ 150 million company, sold to Fortune Media Group Holdings Limited, owned by Chatchavan Chearavanont, the son of Mr. Sumate Chearavanont (brother). Mr. Dhanin is responsible for the Charoen Pokphand Group business in Indonesia. The largest group of companies in Thailand Transaction is a private investment g. Chatchavana. It is expected to be completed this year.

Staff of Charoen Pokphand Group explained to the BBC. The transaction is not about the Charoen Pokphand group. But it's private purchase.

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Meredith bought Time Inc. in January for $ 1.8 billion, or $ 5.95 billion, two months later. The company announces it. It sells some of Timek's oldest brands, including Time, Fortune, Monei and Sport Illustrated. Magazine Time later sold Mark Benin, Salesforce Executive Director and Lenne's wife for $ 190 million or about $ 6.28 billion.

Forbes reports on the Chearavan family. It's the fourth richest family in Asia. Owned by Charoen Pokphand Group One of the largest producers of fodder and livestock in the world. By 2017, assets rose nearly $ 9 billion or $ 298 billion, partly due to the value of shares in Ping Anu ($ 1.5 billion). Ping An) The Chinese insurance company has increased. As bond yields and earnings increase.

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Alan Murrai will continue as president and be the executive director of Fortune magazine. After the sale to Mr. Chatchavan Chearavanontu

Forbes identified the work of the Chearavan family. It started in 1921 when the g. Jia Jiaki and Mr. Kongjaroen Chearavanont, two brothers, opened a store that sold imported seeds from China to Thai farmers. Present Charoen Pokphand Group led by Mr. Dhanin Sin of Mr. Jia Zhang, Mr. Dhanin is the Senior Chair. After serving as president and chief executive for 48 years in January last year, Mr. Dhanin gave Mr. Soopit a 53-year-old son's president, and his success is Supachai, a fifty-year-old son.

Among the brothers of Mr. Dhanin, including Mr. Dhanina Mr. Charan, Mr. Monti, Mr. Sumet and Mr. Dhanin

Mr. Chatchavan, son of Mr. Sumet. In that statement. "Our vision is that Fortune becomes a global business media brand." Affordable and Relative to the World The demand for high-quality business information is increasing, and we are committed to investing in technology and journalism, and we believe in it. business events. "

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Fortune holds several annual conferences, including the Global Forum and the Most Powerful Women's Summit.

Fortune Magazine Known as one of the top 100 Fortune 500 companies and 500 largest companies in the world, the top 100 companies in the world, the most powerful women in the world. The most powerful women in the world, the most sincere companies in the world, etc. There are also several annual conferences, including the Global Forum, Women's Summit The most powerful women's summit

Alan Murrai, president of Fortuna, will continue to function as president. And he will be the director of Fortune magazine. After the sale to Mr. Chatchavan, Mr. Murray In that statement. "I'm delighted to be the owner of Fortune, believe in a mission, appreciate editorial independence, you want to invest in our journalistic work, and think of Fortune, a leading brand that provides business insights and information around the world."


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