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Thai group Central Retail says it achieved 90 percent of its pre-Covid sales performance in the March quarter, the result of what CEO Yol Phokasub described as “thriving on steadily regaining balance” during a time of challenges and uncertainties”.…
Thai retail conglomerate Central Group plans to cover 90 percent of Vietnam’s provinces within five years via subsidiary Central Retail. Central launched in Vietnam in 2012, initially with fashion merchandising before taking stakes in local electrical…
Thai supermarket Central Food Hall has begun using UV-C Disinfection Robots to sterilize stores in a move to combat coronavirus transmission. The firm is the first supermarket in the region to implement disinfection robots, certified by the WHO and CDC to…
Thai retail property developer Central Pattana is to waive rent for tenants affected by the government’s shutdown order. The company said in a statement that it will waive the rent for tenants who have been ordered to shut by authorities and offer rent…
Central Group subsidiary Central Retail Corporation, aims to raise up to THB81.1 billion (US$2.7 billion) in an initial public offering (IPO), which will be Thailand’s largest yet. Central Retail’s IPO price will range between THB40 to 48 per share. The…
Makeup superstore Sephora has confirmed its widely anticipated return to Hong Kong in physical store form. The LVMH-owned cosmetics retailer will sublease a 4000sqft space in the Zara store at IFC Mall in Central, nine years after it closed its last store in…
YSL launched a limited store for Valentine’s Day 2019 in Central, Hong Kong, featuring on WhatsApp sticker, photo booth, and games. Obviously, pink and cosmetics are many girls’ favourite. So pink lovers will fall in love with YSL latest limited pop-up store…
Central, Hong Kong’s frenetic business and retail heart, crammed with skyscrapers, swanky malls and luxury hotels, is the most expensive district for renting office around the world. Although the office rent in Hong Kong’s Central district is already the…
The JD Thai JV with Central Group has been formally launched this week under the brand JD Central. “Our partnership with Central Group – a one-of-a-kind union between China’s biggest retailer and Thailand’s strongest retail player – will provide Thai…
Next month’s Consumer Goods Forum to be held at the Marina Bay Sands will feature a ‘who’s who’ of international retail leaders. This year marks the first time in a decade the event is being held in Asia. Running from June 12-15, it is themed Consumer…
Hermes Asia sales grew 11.3 per cent last year to €1.946 billion (US$2.4 billion) as the luxury retailer set a new record for gross retail margin. The company said the retail market was improving in Hong Kong and Macau, with the Asian market “pursuing its…
Spurred by a rising middle class and influx of international retailers, Vietnam retail sales hit a record US$129.6 billion last year. This was growth of 10.9 per cent over 2016, according to the Vietnam General Statistics Office (GSO). Vietnam’s largest real…
After forming an e-commerce partnership with China’s JD.com, Thai retail giant Central Group expects online sales to account for as much as 15 per cent of its revenue in five years’ time, from 2 per cent now. CEO Tos Chirathivat says the $500 million JV,…
Online retailer The Garnered, which offers mainly handmade fashion, craft and design products, is showcasing its wares at a pop-up in Landmark in Central. In a first for Hong Kong, the London-based venture will have its creations on show until November 12.…
Thailand’s Central Group is set to acquire the Dean & Deluca chain of deli-cafes outside the US from Thai luxury property developer Pace Development for US$50 million. The deal is in the due diligence process, says Pace, which acquired the chain through its…
Thailand’s Central Group has revealed plans to invest US$512 million in Vietnam over the next five years, to expand its retail operations. The company, which has acquired local businesses and is introducing its own Thai retail banners into the fast-growing…
