Hawell’s founder sells $6M ice cream business
Siripong Akkarasriyuk, the founder of Hawell's ice cream brand, has put the business up for sale for $6 million as he prepares to become a monk. He built Hawell's from a single shop into a Thai brand with 22 branches over more than two decades. However, competition intensified in 2014, causing Hawell's to lose its place in shopping malls and eventually return to a single outlet in 2023.
Siripong has been planning his monkhood for years and hopes to create a forest retreat before joining the monastic life. Despite leaving the business world, he wants to find a new owner for Hawell's, ensuring the brand continues to thrive.
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