Pace Development Corporation Public Company Limited announced that the Board of Directors' Meeting has approved the establishment of a subsidiary, Dean & DeLuca Small Format Lq. LLC. The subsidiary will be based in USA, this company will own and operate small format stores (cafes) that serve alcohol on premises with a the initial contribution will be USD 1,000.

Dustin Schwind will be VP Finance of subsidiary and Sorapoj Techakraisri, Bayani Lauraya will act as Manager and Jonathan Levy will act as Secretary.