Central Group to buy Zalora’s businesses in Thailand and Vietnam

Apr 28, 2016Updated Jun 4, 20251 min read

Central Group is set to buy Zalora’s businesses in Thailand and Vietnam, according to reports.

Zalora is a fashion-focused e-commerce site.

Central Group’s assets, which include multiple shopping malls and national department store chains, are worth close to $10 billion and it employs some 70,000 people.

The deal to buy the country businesses from Zalora will cost Central Group around $10 million each, reported TechCrunch.

Sources close to Zalora suggest that the company is selling the businesses in an effort to streamline its costs and move towards becoming profitable.

Even though Zalora was only started four years ago, the company claims 10 million people have downloaded its mobile apps and the company makes 1.4 million transactions per year across 10 countries in Asia-Pacific.

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Mei Ling Tan

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Mei Ling Tan is the Editor of Retail News Asia, where she leads the editorial team in delivering in-depth coverage of Asia’s dynamic retail landscape. With over a decade of experience in business journalism, Mei Ling is known for her sharp analysis, deep industry insights, and commitment to uncovering the stories behind Asia’s most innovative retail brands. Before joining Retail News Asia, Mei Ling held senior reporting roles at regional business publications, covering everything from consumer trends to digital transformation in retail. A graduate of the National University of Singapore with a degree in Communications and New Media, she combines journalistic integrity with a strong understanding of evolving market forces. Outside the newsroom, Mei Ling is a frequent speaker at industry panels and a mentor for young journalists.

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