Topic
53 stories in this topic
Vietnamese eCommerce site Lingo.vn closed suddenly yesterday, without a word of goodbye to its legion of Vietnamese fans. The closing of Lingo.vn was clearly a sudden decision, especially as it had been running a promotion on its Facebook page, which was…
Thailand’s Central Retail plans to double more than the number of its stores in Vietnam from the current 340 to 710 by 2026 to capitalize on a growing market. The main retail arm of Thai conglomerate Central Group will spend 30 billion baht (US$790 million)…
The listed retail arm of Thai conglomerate Central Group says revenue rose by 15 percent year-on-year to 58.77 billion Thai baht ($1.8 billion) and EBITDA was up 42 per cent to 8.03 billion baht in its latest quarter. Net profit for the company – which…
Alibaba’s grocery store chain Freshippo is searching for to boost funds at a valuation of about $6 billion, a lot decrease than a hoped-for valuation of as much as $10 billion earlier this 12 months, three individuals accustomed to the matter informed…
When Vietnamese Prime Minister Nguyen Xuan Phuc visited Thailand in August, a red carpet was rolled out for him at Central Group’s Central Ladprao, a shopping complex in downtown Bangkok. The premier had been invited to attend the opening ceremony of a…
Central Retail (CRC) is to buy out COL Public Company, the parent company of Thai retail chains OfficeMate, B2S, and Meb E-Books. The deal with COL, which is estimated at US$390 million, will add the three brands to CRC’s existing retail portfolio and…
Thai retail conglomerate Central Group is reducing and pegging the price of more than 3000 essential consumer products, as well as reducing prices at 87 foodcourts by 20 percent to help citizens impacted by the Covid-19 pandemic. The move is in response to…
Thai retail and mall conglomerate Central Group is partnering with an Austrian property developer to buy Swiss department store chain Globus. According to the Sonntagszeitung, a Swiss newspaper, both companies will take an equal 50-per-cent share in the…
Thailand’s Central Group has made three major overseas investments totaling US$662.7 million to build its presence in world-leading tourist destinations. The new investment properties are located in Vienna, Osaka and Turin. “Central Group continues to embark…
Thai mall operator Central Group will list its Central Retail Corporation unit, combining retail businesses in Thailand, Vietnam and Italy. The listing is scheduled to take place before the end of this year and the company expects it will raise between US$1…
Central Group has closed its Robins Vietnam online fashion store to concentrate on its physical stores. On its website, Robins Vietnam announced the end of online business from this week, referring customers to its two Robins department stores, at Vincom…
Thailand’s much-maligned airport duty-free monopoly appears set to be nearing an end. For years, major Thai retailers have complained that incumbent operator King Power has controlled the retail offer – and prices – at Thailand’s largest airports, especially…
The Central Group, first opened as a small family-run shop by Mr. Chirathivat, in the city of Bangkok during the early 1950s. Expanded later on in 1956 by his son, Smarit Chirathivat, establishing the first Central Department Store in Bangkok. They were the…
JD Central – the new joint venture between Chinese online specialist JD and Thailand’s Central Group – has revealed plans to open automated stores, starting next year in Bangkok. Vincent Yang, JD Central’s CEO, said the company is evaluating a location where…
Thai retail conglomerate Central Group is planning to triple its Vietnamese businesses in the next five years. With the planned investment of US$500 million, the retailer is expanding its stores and shopping malls in the country to as many as 750, along with…
Thai shopping centre owner Central Pattana says it is revitalising its premium malls to “pioneer future trends of retail and tackle the digital era”. Under a “five-year vision” it calls ‘Co-creating Center for Life” – a name which appears to have lost its…
