Man sells off his S$6M+ ice cream business to become a monk and cut off all contact, including with his wife & daughter
After 37 years building Hawell’s ice cream, he plans to sell the brand, withdraw from family and business life, and pursue monastic solitude This article ( Man sells off his S$6M+ ice cream business to become a monk and cut off all contact, including with his wife & daughter ) first appeared on The Independent Singapore News .
Siripong Akkarasriyuk, founder of the Thai ice cream brand Hawell's, is selling the business for 165 million baht, approximately S$6.3 million. His intent is to dedicate the next two years to preparing for a monastic life, which includes locating a suitable site for a meditation forest retreat and renouncing all connections, including those with his wife and daughter.
The sale encompasses the company's assets, such as recipes, machinery, licenses, and trademark rights, along with an expansion plan valued at billions of baht. The prospective buyer will receive 37 years of Akkarasriyuk's business expertise, including the ice cream recipes and the growth strategy. Hawell's initially had 22 outlets, which reduced to a single standalone branch in Bang Bua Thong before ultimately closing in 2014.
Written by urgent.news from The Independent Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
