Mega Market emerges from Thai investment
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Eight months after being acquired by TCC Thailand, Metro Cash & Carry Vietnam has undergone a range of changes, including a new name – Mega Market.
Since taking over Metro, the Thai group has accelerated agricultural projects to support Vietnamese producers. In July, TCC started exported hundreds of tonnes of Vietnamese fruits and vegetables to Thailand through Big C Thailand. It has also been seeking other suppliers for such products as avocados, sweet potatoes and oranges.
Mega Market now has 19 wholesale centres across Vietnam, with three each in Hanoi and Ho Chi Minh City.
As the main shareholder of Big C Thailand (97.94 per cent), TCC Group has plans to merge Mega Market with the Thai supermarket.
TCC Thailand chairman Charoen Sirivadhanabhakdi says Vietnam offers good resources for agricultural development.
TCC Thailand paid US$704 million to acquire Metro Vietnam in January, buying Big C Thailand the following month for US$3.5 billion.
Questions & Answers
Q.What is the new name of Metro Cash & Carry Vietnam following its acquisition?
What is the new name of Metro Cash & Carry Vietnam following its acquisition?
Following its acquisition by TCC Thailand, Metro Cash & Carry Vietnam has been rebranded as Mega Market. This change occurred eight months after the Thai group took ownership of the wholesale business.
Q.What initiatives has TCC Thailand undertaken to support Vietnamese agricultural producers?
What initiatives has TCC Thailand undertaken to support Vietnamese agricultural producers?
TCC Thailand has accelerated agricultural projects to support Vietnamese producers. In July, they began exporting hundreds of tonnes of Vietnamese fruits and vegetables to Thailand via Big C Thailand. They are also sourcing other products like avocados, sweet potatoes, and oranges.
Q.How many wholesale centres does Mega Market currently operate in Vietnam?
How many wholesale centres does Mega Market currently operate in Vietnam?
Mega Market currently operates 19 wholesale centres across Vietnam. Specifically, it has three centres located in Hanoi and another three in Ho Chi Minh City, serving various regions of the country.
Q.What are TCC Group's future plans for Mega Market in relation to Big C Thailand?
What are TCC Group's future plans for Mega Market in relation to Big C Thailand?
As the main shareholder of Big C Thailand, TCC Group has plans to merge Mega Market with the Thai supermarket. This strategic move aims to integrate the operations of the newly acquired Vietnamese wholesale business with their existing retail holdings.
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