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Kinh Do acquires major stake in PhinDeli

Update: July, 04/2014 - 08:46

PhinDeli coffee is expected to be one of the best of Vietnamese coffee style to all consumers worldwide with its unique taste and 100 per cent of safety. — Photo gofundme.com

HA NOI (VNS) — The Kinh Do Corporation (FDC) has bought a controlling stake in PhinDeli, a Vietnamese coffee brand owned by Pham Dinh Nguyen. (Nguyen also owns PhinDeli, a town in the US State of Wyoming.)

The news was announced at the KDC meeting of shareholders held in Ha Noi yesterday, reports the news portal baodautu.vn. However, the corporation did not reveal any information about the buying price.

Nguyen has experience in fast-moving consumer goods and has worked with KDC.

He bought Buford town in the US in 2012. A year later, he launched the coffee brand and changed the town's name to PhinDeli.

Nguyen plans to introduce Vietnamese coffee worldwide. — VNS

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