From now on Miss Universe Organization will be a strategic or co-owned company, since Anne Jakkaphong Jakrajutatype sold his shares to a Mexican tycoon Raúl Rocha Cantú, from Legacy Holdings.
He sold 500 shares, representing 50 percent of the total issued shares of JKN Legacy, for a total of $16,000,000.
International media reports that the Thai transgender businesswoman has been struggling with JKN Global’s financial crisis since September last year, when she was unable to repay a 609 million baht equity loan (Thailand’s official currency).
It was in November that the company filed for corporate rehabilitation proceedings before the bankruptcy court of Thailand.
“This is a strategic investment for growth that will improve our offering around the world and enable our brand to grow globally”it is stated in the press release of the organization.
In this way he appointed Olivia Quido-Co as Vice President of Global Partnerships, overseeing corporate social responsibility and initiatives worldwide. “She will work with franchise partners, national directors and sponsors. Quido-Co will also continue to serve as CEO and President of Miss Universe Skincare and Spa,” the letter explained.
“I will work together with Ms. Ann-Jakkraphong to lead a new era of success for the MUO business. We will jointly determine business directions and use the network of business partners and capital. We will help develop the products and services of the Miss Universe brand to achieve the stated goals,” Rocha said, according to a note from khaosodenglish.com.
Rocha has more than 35 years of experience in industries including real estate, industrial, energy, wellness, marketing, aerospace, automotive and entertainment across five regions.
Source: Eluniverso
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