investing in an Entertainment Complex with local and international partners

RS Public Company Limited is set to invest in a comprehensive entertainment complex business located in Phuket – Phang Nga Province through its subsidiary ‘Andaman Entertainment’ with an initial registered capital of 100 million baht. While Mr. Chakkrit Parapuntakun will serve as the company’s Chairman, Mr. Surachai Chetchotisak will be a member of the executive committee. Currently, we are actively negotiating with prospective business partners, both locally and internationally, as well as various international funds. Additionally, the company remains open to potential partners interested in investing in the business. This project marks a significant milestone for RS Group and is expected to become one of sustainable revenue sources of the company.

Mr. Surachai Chetchotisak, Chief Executive Officer, RS Public Company Limited, said: “We always seek new opportunities to differentiate our businesses. The public sector’s policy to drive forward an entertainment complex, which supports the country’s tourism industry, especially emerging travel trends and the development of man-made destinations, presents an intriguing opportunity to us. Building on our expertise in media and entertainment, we aim to work with local and overseas partners, while analyzing potential and planning investments in an entertainment complex through our subsidiary ‘Andaman Entertainment.’ With a strategy to create a brand-new center of entertainment and sports in the globally recognized tourist cities of ‘Phuket’ and ‘Phang Nga,’ the project will feature a luxury-class resort, a health and spa center, and a cutting-edge sports arena. Moreover, a wide variety of food and beverage offerings, entertainment programs, spectacular performances, and exciting recreational activities will be provided. The tourism experience will emphasize creative tourism, showcasing local lifestyles with an eco-friendly focus. These offerings aim to attract a broad range of local and international visitors, including teenagers, adults, families and sports lovers. We believe this entertainment complex will become a new landmark, further enhancing Phuket – Phang Nga Province as a standout tourism destination, while boosting the local economy and contributing to the growth of Thailand’s tourism.”

###

The post RS BOD approves to form its subsidiary ‘Andaman Entertainment’ appeared first on RS Group.

together with a full score of 100 points on the AGM Checklist

RS Public Company Limited or RS Group was awarded with the Corporate Governance Report of Thai Listed Companies 2024: CGR at the five-star level or Excellent CGR Rating for the sixth consecutive year from the Thai Institute of Directors Association, supported by the Stock Exchange of Thailand and the Securities and Exchange Commission. This reinforces the company’s commitment to excellence in business operations and its dedication to strong corporate governance across all aspects regarding environment, society and governance (ESG). Taking into account all stakeholders, RS Group has achieved sustainable business growth, while evolving into a comprehensive consumer lifestyle company.

Additionally, for the fifth consecutive year, RS Group achieved the Annual General Meeting Checklist in 2024 at the level of five medals (full 100 points with excellence, recommended as a role model) from the Thai Investors Association and the Federation of Thai Capital Market Organizations. This illustrates the Group’s progress in setting up AGMs to operate effectively in accordance with standard procedures.

For more information and updates of RS Group, please visit www.rs.co.th and https://www.facebook.com/RSGROUPOFFICIAL

###

The post RS Group achieves ‘Excellent’ CGR Rating for the 6th consecutive year appeared first on RS Group.

Ready to expand investments in growing music and other new businesses in the future

RS Music under RS Group has acquired 605.10 million baht after offering additional common shares of RS UMG Co., Ltd. to its partner “Universal Music Group (UMG),” the world leader in music-based entertainment. The earnings will be leveraged to build on music businesses and other potential ventures in the future. Meanwhile, the company is in the process of restructuring the businesses specifically those related to music and entertainment, preparing to bring the businesses to enter the Stock Exchange of Thailand in 2027.

Mr. Surachai Chetchotisak, Chief Executive Officer, RS Public Company Limited, revealed: “According to our business plan, we have successfully collected 605.10 million baht from offering RS UMG’s additional shares to Universal Music Group. Moreover, we also found the transaction as a promising opportunity, which will have the following positive results on the expansion of our businesses.

• Accelerating our music business growth, including through music and new content development, in order to further generate greater value from our intellectual properties in the long run
• Leveraging as a source of funding to broaden the company’s investments in future potential ventures.”

Mr. Calvin Wong, Chief Executive Officer, Universal Music Southeast Asia & Senior Vice President of Asia commented: “This has been an extremely successful partnership for UMG so far, and it is a pleasure working alongside our friends at RS Group. We are excited about the potential of the Thai market, and look forward to helping develop it both at home and abroad.”

Under the strategic partnership, RS Music will continue working closely with Universal Music Group to further grow revenue from online contents and to distribute RS Music’s artists and their music works to the global market, while continuing to receive its portion of the proceeds from music copyright management in Thailand, such as the use of music in any events or locations within Thailand. Furthermore, both will partner on a range of future opportunities, including new music releases in the Thai market.

“We are confident that this strategic movement will further strengthen RS Music. Based on our planned business strategies, we are now in the process of adjusting the structure of our businesses specifically those related to music and entertainment. Ultimately, we aim to drive the mentioned businesses to list on the Stock Exchange of Thailand in 2027, as expected,” Mr. Surachai concluded.

For more information and updates from RS Group, please find www.rs.co.th and https://www.facebook.com/RSGROUPOFFICIAL

 ###

The post RS acquires 605 million baht after closing a deal with Universal Music appeared first on RS Group.

Building on its expertise in preventive medicine to provide full-service medical treatment services

Hato under RS Group’s Pet Medical Group has scaled up its business and launched its branch of animal hospitals in Rangsit, a full-service health center for pets. Building on its expertise in preventive medicine to offer medical treatments, it expanded its target customers to the premium mass market. Increasing pets’ access to quality services and high-standard treatments with affordable prices and convenient locations close to living areas, Hato is committed to elevating pets’ quality of life in all aspects.

Dr. Supapat Piyachaiwut, DVM, Managing Director, Pet Medical Group Co., Ltd. said: “Based on our six-year experience in pet wellness, focusing on preventive medicine, we are now ready to enter the full-service pet hospital business and expand our services to cover the whole pet ecosystem. Moreover, we aim to better pets’ quality of life by providing more access to basic and essential health services. Therefore, we decided to grow into the full-service animal hospital business and open Hato Animal Hospital.”

Key highlights of Hato Animal Hospital include:

• Based on Hato’s premium standard, the hospital delivers full-service medical treatments at affordable prices, especially, for the fundamental services which are crucial to pets, such as vaccinations, tick and flea treatments, and neutering.
• With Hato’s experience in preventive medicine, it helps prolong the lives of pets for them to stay longer with their owners.
• The atmosphere of all Hato Animal Hospitals are cozy, pleasant and clean.
• The complete services include common disease treatments; hairstyling, grooming and spa services; neutering, a specific disease clinic, as well as separate hotels for cats and dogs.

“So far, there are two branches of Hato Animal Hospitals, namely in Rangsit and Chaiyapruek. By this year, one more location in Phatthanakan will be open. Next year, four to six more branches are expected to be launched. This aligns with our commitment to elevating pets’ quality of life and giving them more access to health & wellness services with high quality at affordable prices and convenient locations.” Dr. Supapat Piyachaiwut, DVM added.

Hato Animal Hospital in Rangsit offers various services throughout a pet’s life, including both medical treatments and wellness services. A range of specialized clinics cover the Pet Preventive Clinic and Neutering Clinic. Specific Disease Clinics include those for cardiology, ophthalmology, orthopedics, dermatology and exotic pets. Additionally, the hospital is well equipped with a wide range of medical tools, such as X-ray machine and ultrasound machine. If necessary, the pets can stay overnight at separate dog and cat hotels. Daycare and wellness services are also available, together with hairstyling, grooming and spa services. At the hospital, quality products for pets are also offered.

Those interested in visiting Hato Animal Hospital in Rangsit can take advantage of special offers for the hospital’s opening, including free nine-item health check-up. Discounted vaccination services cover rabies vaccine at 39 baht, and combined vaccination for cats or dogs at 99 baht (excluding vet fees). The promotions are limited and can be reserved at Line OA @hatoanimalhospital.

For more information about Hato Animal Hospital, please visit www.facebook.com/hatoanimalhospital or Line OA @ hatoanimalhospital. Updates from RS Group are available at www.rs.co.th and www.facebook.com/RSGROUPOFFICIAL

 ###

The post Hato launches its animal hospital in Rangsit to enter the animal hospital sector appeared first on RS Group.

and major organization restructuring

 RS Public Company Limited or RS Group announced its newly adjusted business strategies and major organization restructuring to further strengthen existing businesses and extend to new opportunities for business growth.

Three key strategies to advance the organization include:

1. RESTRUCTURE: The executive team will be reorganized, while the successors, namely Mr. Chet and Mr. Chot Chetchotisak, are expected to officially take the team’s leadership roles soon, together with the other high-level executives, including Mrs. Pornpan Techarungchaikul and Mr. Wittawat Wetchabutsakorn. As a result, an executive team with a strong, competent combination will be formed to drive forward the organization.
2. REDUCE: To optimize efficiency and agility for all aspects of management and operation, the cost will be reduced and controlled on an organizational scale.
3. REFOCUS: Business strategies and direction will be modified. The organization will be divided into three main business groups, namely Products, Music & Entertainment, and RSX. RSX consists of a variety of new businesses, such as Pet Experiential Retail, New Education, Multi-Channel Network (MCN) Business and etc. To further improve synergy and accelerate exponentially, the Group will also collaborate with a range of new partners.

Soon, RS Group will reveal more details, along with its well-defined and exciting roadmap and milestones. Moving forward, RS Group will continue to create value for the organization, its shareholders and consumers, over the short and long terms.

For more information and updates from RS Group, please find www.rs.co.th and https://www.facebook.com/RSGROUPOFFICIAL

 ###

The post RS Group unveils its newly adjusted business strategies appeared first on RS Group.

to grow its pet retail business expanding

“PET ALL MY LOVE” to 50 locations nationwide in 3 years

RS Public Company Limited or RS Group scales up its pet retail business by establishing strategic partnership with Bangchak Corporation Public Company Limited. The collaboration is aimed at elevating quality of life for consumers and their pets in local spots through expanding the pet retail store ‘PET ALL MY LOVE.’ Under the concept love-centric experience, the pet retail business strives to cater to today’s trends and lifestyles of the new generation, who become pet parents and care for their pets as if they were their own children. Located in prime locations of Bangchak Unique Design Stations, the retailer’s 50 branches will be open across the country by three years, with the first 20 openings in the first year.

Mr. Surachai Chetchotisak, Chief Executive Officer, RS Public Company Limited, said: “PET ALL MY LOVE is a pet shop created from love and care for pets, leading to product and service delivery filled with love. It offers 100% authentic, high-quality products from all over the world, carefully chosen by professional staff and veterinarians, who truly love and understand pets. At the same time, the shop makes every available space within the store friendly and safe for both customers and their pets. As of now, PET ALL MY LOVE has opened two branches, including 81 Badminton Charoenrat and The Grove Hathairaj. However, we aim to grow our branches countrywide. Therefore, we thoroughly studied the needs and behavior of consumers and found that people’s lifestyles had changed significantly. They highly value convenience in their neighborhood, which supports the exponential growth of community spaces, especially in patrol stations which diversify their services to meet the growing demands of the communities. It resulted in the development of community hubs with full facilities and business possibilities, particularly from outstanding locations. This led us to the decision to jointly invest with Bangchak Corporation Public Company Limited to expand the pet retail business under the brand ‘PET ALL MY LOVE’ in Bangchak Unique Design Stations. The stores will be located all over the country to fulfill the demands of the new generation who treat their pets like their own family members and are looking for pet shops close to their residences that offer high-quality products and complete service. The concept is in line with our holistic pet retail business, which focuses on caring and elevating pets’ quality of life to enhance happiness for both pets and their owners. Meanwhile, it also aligns well with Bangchak Corp’s commitment to caring for communities and society. Under the concept love-centric experience, PET ALL MY LOVE will be a center of pet products and services, as well as a pet wellness center and a drug store for pets with veterinarians available for consultation. All of these is to provide convenience close to pet lovers’ homes. Additionally, the partnership aims to open a total of 50 branches within three years with 100 million baht investment for the first year.”

Mr. Chaiwat Kovavisarach, Group Chief Executive Officer and President, Bangchak Corporation Public Company Limited, disclosed: “As of now, Bangchak Corp has over 2,200 service stations nationwide and expects to expand the network to more than 2,500 stations by 2030. We aim to supply high-quality products, such as Bangchak Hi Premium 97 and Bangchak Hi Premium Diesel S, the premium Gasohol and Diesel with the highest octane and cetane ratings in the market. Moreover, we strive to develop our retail experience business in response to consumers’ diverse needs, while boosting our competence and maximizing the benefits from the gas station space. Recently, we have joined hands with RS Group to enter the pet retail industry and expand more branches of ‘PET ALL MY LOVE’ to create new experiences for pet lovers, who will be able to select and purchase quality pet products and services for their pets, while also using other services at Bangchak service stations. Besides, Bangchak Corp strives to equip Unique Design Service Stations with distinctive uniqueness. In addition to delivering high-quality gas, we aim to offer a wide range of products and services through convenience stores, Inthanin coffee shops, well-known restaurants, car care service shops and EV chargers in the station’s large area which is convenient and easy to access in order to deliver unique experience to our customers. The pet retail business has an incredible potential to dramatically continue growing due to a larger number of pet owners. Furthermore, pet owners are high-value customers who carefully select items and services for both themselves and their pets. This is in line with Bangchak Corp’s goal that focuses on selecting and offering the best products and services for customers.”

“Both RS Group and Bangchak Corporation share the same goal to support communities and society. As for RS Group, we strive to be ‘Life Enriching’ for consumers and pets, which is the key driver behind the company’s brands. We are not only determined to fulfill happiness and demands of consumers with our products and services, but also aim to ‘elevate all dimensions of consumers’ living.’ Joining hands with Bangchak Corporation under strategic partnership is considered as a major step in dramatically expanding the RS Group’s pet business. We are confident that working closely with Bangchak Corporation will lead us both to promising opportunities and strong business growth,” Mr. Surachai added.

PET ALL MY LOVE stores in Bangchak Unique Design Service Stations are divided into four formats according to area size. Located in 80 and 150 square meters, pet shops will be available with pet supplies and HATO Pet Pharmacies, which offers medicines and supplements, as well as veterinarian consultations. 180 square meters will be turned into pet shops, HATO Pet Pharmacies and HATO Pet Wellness Centers with spa, bathing and grooming services for pets. For the areas with more than 180 square meters will be animal hospitals combining with pet shops. The first branch will be open by the end of July 2024. It is expected that 20 branches will be launched within a year.”

For more information and updates of PET ALL MY LOVE, please visit the Facebook page PET ALL MY LOVE and Line OA @petallmylove, or RS Group’s channels: www.rs.co.th and https://www.facebook.com/RSGROUPOFFICIAL

###

The post RS Group joins hands with Bangchak Corp to grow its pet retail business appeared first on RS Group.

Developing artists and actors into brand owners and boosting sales with affiliate marketing

Led by its top artist “Bitoey Rsiam”

RS Public Company Limited or RS Group, the leader in commerce and multimedia & entertainment under the Entertainmerce business model, unlocks the potential of its businesses by seeking new business opportunities and gathering over 120 artists with more than 20 million followers to enter the commerce businesses under the Star Commerce strategy. To officially kick off the strategy, the top artist ‘Bitoey Rsiam’ will offer various products under the categories Mother and Kids, as well as Beauty and Food Supplements, under RS Group’s and partnered brands, reaching customers through social media and e-commerce platforms. Moreover, RS LiveWell also collaborates with artists and actors to develop products and own brands, matching their followers’ interest. Moving forward, the strategy will differentiate RS Group’s commerce businesses, while targeting the artists’ followers, by providing suitable products for them and attracting consumers on social media with entertainment experiences. Eventually, the strategy will enhance the commerce business group’s revenue with distinctive characters of consumers’ favorite artists and actors, together with a range of quality products.

Mr. Surachai Chetchotisak, Chief Executive Officer, RS Public Company Limited, revealed: “Nowadays, creators and influencers are increasingly prominent in the digital world. Meanwhile, everyone can become one. However, it is still challenging to further build on success or generate revenue from their own channels. Therefore, we see interesting opportunities from leveraging Star Commerce to support artists and actors under the Group, as well as content creators who are interested in developing their own brands or establishing alternative sources of income with an extensive portfolio of more than 500 SKUs of products from RS LiveWell, RS pet all and our partnered brands, covering diverse lifestyles. Also, live commerce will enable the creators to produce contents based on their preferences, generating income and expanding business opportunities. This is in line with RS Mall X’s business direction, which focuses on the MCN model and affiliate marketing with its partnered network, namely TikTok, Shopee, Lazada, Facebook and Instagram under the concept ‘RS Mall X Extreme Convenience’ to offer unrivaled convenience for the artists and actors, as well as content creators. We will help them develop products which resonate their followers’ interest, while providing them with convenience from our back-end distribution system, which allows them to sell products without maintaining a stock. Additionally, consumers will enjoy quality products with reasonable price. Empowered by the strategy, the potential of artists and actors together with the commerce businesses of RS Group will be unleashed generating revenue from extensive sources.”

The artists, actors and content creators who work with RS Group will be divided into two groups:

1. Those who join the affiliate marketing program will sell diverse products with over 500 SKUs from RS LiveWell’s brands, such as well u, vitanature+, beyonde, aviance, ifresh, Happie Homie, De Beste, DARING & CO and Erb, Thailand’s leading fragrance and skincare brand, as well as its partnered brands. With live commerce, the sales can reach a large customer base across all segments, age groups and lifestyles.
2. Those who own their own brands will get to create and promote their own products that meet the needs of their fans.

“Besides, the Star Commerce strategy is part of the Value Unlock strategy, which will move forward RS Group to be ‘Life Enriching,’ the Group’s key to accelerate our business growth. We do not only fulfill consumers’ happiness and demands with products and service, but also strive to improve every aspect of the lives of customers, as well as actors and artists under the Group. The first one to take the lead is ‘Bitoey Rsiam’ from RS Music with approximately 6.5 million following accounts on her social media. With her outstanding potential, confidence, talents and massive fan base, she will offer RS LiveWell’s products, prioritizing the categories of Mother & Kids, Beauty and Food Supplements. Beyond that, the Group has a number of artists and actors who will join our Star Commerce, which will make a difference and raise revenue for RS Group’s commerce businesses this year, as targeted,” Mr. Surachai concluded.

For more information and updates of RS Group, please visit www.rs.co.th and https://www.facebook.com/RSGROUPOFFICIAL

###

The post RS Group advances its Star Commerce strategy appeared first on RS Group.

to expand its social commerce under MCN model

by building over 120 artists into content creators to cover all customer segments

RS Mall under RS Group had rebranded itself and was now known as ‘RS Mall X,’ with a new vision of delivering superior shopping experience under the multi-channel network (MCN) model. By forming a creators’ network of more than 120 artists with over 20 million followers, RS Mall X can reach every segment through various channels, from the currently strong direct commerce through its on-air channel, telesales, website, and application, to social commerce under the MCN model. More than 500 SKUs of products from RS Mall X’s extensive portfolio of its own brands and partnered brands are ready to be distributed through the channels of its partners, including TikTok, Shopee, Lazada, Facebook, and Instagram. Under the ‘RS Mall X Extreme Convenience’ concept, RS Mall X will deliver enhanced convenience for consumers, while expecting to generate more than 1,200 million baht, with 30% of which or 400 million baht, contributed by the MCN model, by the end of 2024.

Mr. Surachai Chetchotisak, Chief Executive Officer, RS Public Company Limited, said: “RS Mall has been a significant distribution platform for RS LiveWell’s products and was focused on direct commerce through its on-air channel, telesales, website, and application. Despite having strong direct commerce channel, we continue to seek new business opportunities, especially on the online world, as there are as many as 60 million internet users across the country. We, therefore, revolutionized the ways of distribution of RS Mall to RS Mall X to expand our growth potential and advance our business through social commerce under the MCN Model, where we encouraged 120 artists under RS Multimedia & Entertainment and RS Music, whose total followers’ accounts far exceeded 20 million, to become our content creators. Affiliate marketing was introduced for independent influencers. At the same time, we also diversified our products and services to cater to the customers’ needs. Today, we have more than 500 SKUs of products, with 60% being our own brands and 40% being our partnered brands, to reach extensive customer base of every segment, age group, and lifestyle. Additionally, we have also collaborated with strong platforms, such as TikTok, Shopee, Lazada, Facebook, and Instagram. We are confident that social commerce channels will succeed and generate tremendous revenues towards RS Mall X.”

Ms. Wilasinee Thumprakob, Head of RS Mall X, added: “In digital age, affiliate marketing has high potential and continues to grow, therefore we closely work with strategic partners who are leading platforms, namely TikTok, Shopee, Lazada, Facebook, and Instagram, to expand our customer base. Previously, RS Mall’s customers were 35 years old and above and mainly shopped through home shopping and telesales. After we rebranded ourselves to RS Mall X, we will expand our customer base to 18-65 years old through the channels online marketplaces and live commerce, by utilizing RS Group’s artists who have strong follower base and have been trained for social commerce model. Moreover, we plan to further diversify our product offering and continue to add products from our partners at the rate of new 60 SKUs per month, so that RS Mall X can effectively reach customers of different lifestyles. Meanwhile, for B2B partners, we will provide one-stop service from SKU management, marketing, and distribution through every channel of RS Mall X.”

The MCN Model of RS Mall X, under the ‘RS Mall X Extreme Convenience’ concept, will increase the end-to-end effectiveness of the creators’ network through key strengths, as follows:

• Diverse product portfolio ranges from health and beauty products to consumer goods, fashion, electrical appliances, home décors, lifestyle items, and gadgets, that fit the lifestyles of our creators and their followers to enhance revenue generation opportunities
• Effective fulfillment system covers back-end distribution system and content creation, allowing creators to sell products easily without maintaining a stock.
• Support team at RS Mall X is ready to support creators in developing contents, providing advice and training, and working with the teams of related platforms. Livestreaming rooms are also available and fully equipped at RS Group’s headquarter.
• Extensive brand partners enable greater access to products and promotions, which will further this opportunity into higher commission.

“The transformation of RS Mall into RS Mall X with the MCN model is a key strategic move in the fast-changing world of business today. The MCN model’s highlights lie in the access to wider target customers, reduction in advertisement fees as content creators help make the sales, and lastly the instant tracking of sales conversion. We expect that MCN model will generate 400 million baht by the end of 2024, or 30% of this year’s revenue of RS Mall X which totaled at 1,200 million baht,” concluded Mr. Surachai.

###

The post RS Mall rebrands to RS Mall X, revolutionizing its business model appeared first on RS Group.

RS Group’s RS LiveWell, the innovative product company with multi-platform shopping destination for health and wellness, and The OCBFF Corporation Company Limited, a leading distributor and expert in strengthening health and beauty brands with strong networks of stores in the Philippines, signed the memorandum of understanding (MOU) to establish a joint venture in distributing and reinforcing products under RS LiveWell and those under other Thai brands through its extensive networks of modern trade stores and e-commerce platforms in the Philippines’ fast-growing health and beauty product market. Both companies also jointly strategized to operate retail businesses for Thailand’s health and beauty products in the future. The establishment of joint venture is planned to be complete by the third quarter of this year and is expected to generate 300 million baht in revenue within its first year of establishment.

Mr. Surachai Chetchotisak, Chief Executive Officer, RS Public Company Limited, said: “RS LiveWell is the developer and distributor of innovative health and beauty products. The company has a diverse portfolio of internationally recognized high quality products, guaranteed by the success of vitanature+ that has been awarded Superbrand Status from Superbrands Thailand 2023. At the same time, the award also further reinforced that RS LiveWell products will thrive in the foreign market. Today, RS LiveWell has already distributed its products in Singapore, Malaysia, and the Philippines. For the latter, we have collaborated with The OCBFF Corporation, the expert in product distribution, with a particularly outstanding performance in marketing health and beauty products to be widely recognized in the Philippines. Additionally, the health and beauty market in the Philippines still have a tremendous growth potential with few players, compared to Thailand. Therefore, the company recognized such opportunity for business expansion, hence the MOU with The OCBFF Corporation was signed to establish the new joint venture to distribute Thai health and beauty products in the Philippines. In this joint venture, RS LiveWell will invest 51% and The OCBFF Corporation will invest 49%.”

Mr. Nicardo II Falcis, Country Manager, The OCBFF Corporation, said: “As a leading distributor and brand expert in the Philippines’ health & beauty market, we always seek for opportunities to import a variety of products to distribute through our extensive networks of partnered stores and online platforms in order to accelerate business growth in terms of both nationwide distribution and marketing to strengthen Thai brands among Filipino consumers. Therefore, we are very pleased to join hands with RS LiveWell, Thailand’s innovative product company with high potential and a wide range of products to satisfy demands of the young generation of Filipino customers whose top spending priority is the health & beauty category. Our targets consist of three key groups – beauty products for Gen Z consumers, personal care products for Gen Y consumers and food supplements for Gen X consumers. Moving forward, we will build on this opportunity to expand various retail and direct businesses under the JV which will be finalized by this year’s third quarter.”

The OCBFF Corporation was founded by the highly experienced team with FMCG expertise who have successfully grown health and beauty products from Thailand in the Philippines. Moreover, the company is also an expert in distributing products through its strong networks of leading modern trade, drugstores, and e-commerce platforms nationwide. It also has demonstrated remarkable marketing competence with strong networks of celebrities and influencers, ready to further strengthen the businesses.

“RS LiveWell’s products that The OCBFF Corporation will distribute in the Philippines include food supplements, premium haircare products, and personal care products. Besides, this joint venture will further our business opportunities to distribute other popular products from Thai brands. We are confident that this venture will generate 300 million baht in revenue within its first year of establishment,” concluded Mr. Surachai.

###

The post RS LiveWell joins hands with The OCBFF Corporation appeared first on RS Group.

while expanding social commerce and advancing entertainment and event businesses

RS Public Company Limited or RS Group reveals its 2023 business performance with a total revenue of 3.65 billion baht and a profit of 1.395 billion, which was 918% growth on a year-on-year basis. With the upturn of entertainment businesses, from concerts, events and sponsorship to advertising media sales, as well as the Value Unlock strategy, RS Group will unleash potential of all its businesses through the new structure, consisting of four main business groups, namely RS Music, RS Multimedia & Entertainment, RS LiveWell and RS pet all. With its determination to be ‘Life Enriching’ for both consumers and their pets, the Group will equip all the businesses with more agility to raise further revenue and build on business opportunities. As it strives to expand social commerce on various platforms and elevate the development of content and entertainment businesses through the new structure, it is expected that RS Group’s revenue will reach the target of 4.4 billion baht by the end of this year.

Mr. Surachai Chetchotisak, Chief Executive Officer, RS Public Company Limited, said: “In 2023, RS Group successfully expanded our ecosystem of media & entertainment and commerce businesses with the Value Unlock strategy, while restructuring all the businesses to boost agility. In the past year, entertainment businesses generated further growth by elevating content development through all channels. Meanwhile, on-ground events was be able to continue as usual throughout the year. RS Group’s concerts and the partnership under the ‘Across the Universe’ Joint Venture with GMM Music received remarkable feedback. As a result, the entertainment businesses achieved significant revenue growth. In addition, the joint venture with the world’s leading music label ‘Universal Music Group’ to manage music copyrights enhanced strong growth from digital and streaming platforms, as well as extended reach to regional markets. As for the commerce businesses, we have further enhanced our extensive range of quality products and services. Especially, the full-service pet business ‘RS pet all’ consists of three businesses, which consists of products under the brands Lifemate, HATO VETERINARY SELECT and Jungle Monster Thailand; pet care service providers under the brand HATO Pet Wellness Center and HATO Animal Hospital; as well as retail shops under the brand PET ALL MY LOVE which has now expanded to two branches.”

Mr. Wittawat Wetchabutsakorn, Chief Financial Officer, RS Public Company Limited, added: “Successfully, our total revenue from sales and services in 2023 achieved 3.65 billion baht from the rising growth of entertainment businesses, including advertising media, music contents, activities and concerts. As a consequence of establishing RS UMG Co., Ltd. under our collaboration with Universal Music Group to manage music copyrights, we made special revenue of 1.637 billion baht before taxes and expenses. In October 2023, the company also paid interim dividends of 0.60 baht/share for current shareholders.”

“This year, we will advance our business further with the new structure which gives a clear direction and is in line with today’s situation. While the commerce businesses will play a crucial part in enhancing robust revenue with social commerce by leveraging competence of talented artists and celebrities under the Group to create diverse contents and attract consumers through all the social media platforms, they will also distribute products to global markets. Additionally, the Media & Entertainment businesses have exceeded the limits beyond digital TV and grown into other businesses, such as digital media, events and contents through various business units. Moreover, RSDG will manage media and digital channels, while RS Multi X will present events with highlights on its outstanding creativity, delivering its first event “FLOW DAY PATTAYA WATER FESTIVAL 2024” in the near future. Besides, Rose Studio will create opportunities from a variety of new content development, reaching global markets through OTT platforms. Significantly, RS Music is actively prepared to be listed on the Stock Exchange of Thailand (SET) by 2025. All of these are part of RS Group’s determination to be “Life Enriching” for both consumers and their pets. We are confident that this year’s total revenue will hit the target at 4.4 billion baht,” Mr. Surachai concluded.

For more information and updates of RS Group, please visit www.rs.co.th and https://www.facebook.com/RSGROUPOFFICIAL

###

The post RS Group unveils its 2023 performance with a 1.395 billion baht profit or 918% growth appeared first on RS Group.