Topic
51 stories in this topic
After acquiring supermarket chains in Vietnam, Thai retail groups have started strengthening the distribution of products from Thailand to the detriment of Vietnamese labels. Central Group and BCJ Group now have more than 50 supermarkets and convenience…
Thailand’s Central Group is a step nearer to settling on Big C Vietnam after selling its stake in Big C Thailand to a rival retailer. Central has accepted an offer from rival TCC Group for its 25 per cent holding of Big C Supercenter, reported to be worth at…
Complaints by Ho Chi Minh City businesses about foreign retailers in Vietnam have sparked the prime minister to order an investigation. Members of the Ho Chi Minh City Union of Business Associations (HUBA) say the growing number of foreign retailers in…
Thai retail conglomerate Central Group has won the bidding battle for Groupe Casino’s Big C Vietnam business. Groupe Casino has confirmed Central paid €1 billion (US$1.14 billion), which will be used to pay down debt. That price is as much as $300 million…
South Korean retail heavyweight Lotte has reportedly withdrawn from the bidding battle for Big C Vietnam. Reuters, quoting unnamed sources familiar with the matter, said the company was not keen to bid aggressively for the supermarket network. Lotte already…
Berli Jucker shareholders have voted in favour of the US$6.2 billion acquisition of a majority stake in Big C Thailand. The vote – virtually unanimous – followed news the listed company had secured funding for the purchase from a syndicate of 15 banks and…
Thailand’s Berli Jucker shareholders have voted in favor of a $6.2 billion acquisition of hypermarket operator Big C Supercenter Pcl (BIGC.BK) from France’s Casino Group. Some 99.99 percent of voters approved the plan at Monday’s meeting, two financial…
Central Group chief executive Tos Chirathivat says the group has set aside 39 billion baht for investments at home and abroad this year. PHRAKRIT JUNTAWONG Central Group yesterday insisted it is not seeking to establish its own hypermarket chain to counter…
Shares in Big C finished up 9.7 percent as investors cheered an up to $3.5 billion deal by France’s Casino Group to sell its majority holding in the Thai hypermarket operator to TCC Group, owned by whiskey tycoon Charoen Sirivadhanabhakdi. The Vietnam unit…
BANGKOK — Marking its first full-fledged step into the retail market, Thai conglomerate Thai Charoen Corporation (TCC) Group, owned by alcohol tycoon Charoen Sirivadhanabhakdi, has agreed to buy a majority stake in supermarket operator Big C Supercenter for…
At least three major Asian retailers are mulling bids for control of the Big C businesses in Thailand and Vietnam. But they all start as rank outsiders behind Thailand’s Central Group, which already has a 25 per cent share of the Thai Big C business. In a…
The analysts said that the auction is a unique opportunity for foreign corporations to pour capital into the two retail markets of the highest profit in Southeast Asia. Both the two new potential investors are appreciated for financial strength. Dairy Farm…
Some of Thailand’s richest families are preparing to compete for the Southeast Asian operations of French supermarket operator Casino Guichard-Perrachon SA, according to people with knowledge of the matter. Billionaire Charoen Sirivadhanabhakdi’s TCC Holding…
AuchanSuper, a major retail brand of France, is planning to enter Vietnam with the opening of the first store in 2016, according to a recent report on Ho Chi Minh City’s retailing landscape for this year of the Vietnamese arm of U.S.-based realty consultant…
Thailand’s largest retail conglomerate Central Group is keen to bid for Casino Group’s Thai and Vietnam operations, a company executive said. Casino owns 58.6 percent of Big C Supercenter Pcl, which has a total a market value of $5.5 billion. Casino said last…
Big C was at the centre of the previous shake-up when it bought the Thai arm of Carrefour, another French retailer, in 2011. Carrefour Thailand’s network of 42 stores helped make Big C the No 2 player in the hypermarket segment, second only to Tesco Lotus.…
