Marshall Cavendish is a subsidiary company of Times Publishing Group, the printing and publishing subsidiary of Singapore-based conglomerate Fraser and Neave (which in turn currently owned by ThaiBev, the beverage company in Thailand), and at present is a publisher of books, business directories and magazines. Marshall Cavendish was established in the United Kingdom in 1968 by Norman Marshall and Patrick Cavendish. Times Publishing Group acquired it in 1980.