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The Singapore online grocery market is set to more than triple in size over the next three years, according to research house IGD. The global organisation expects sales will rise from the current S$130 million (US$91 million) to S$500 million (US$350 million)…
Dairy Farm International’s Indonesia operation continues to struggle in food – but Ikea trades above expectations. The Hong Kong-listed company holds a controlling 83.9 per cent share in PT Hero Supermarket Tbk, which operates Giant hypermarkets and grocery…
Jaya Grocer Malaysia is attracting the interest of private equity firms wanting to buy a shareholding of up to 49 per cent. Creador, TPG Growth and a Japanese fund based in Singapore have been shortlisted in a deal said to value the supermarket chain at about…
Malaysian Resources Corp Bhd (MRCB) will build a RM56.8 million cold storage processing and distribution centre in Kajang, Selangor, for the Giant retail chain. MRCB’s wholly-owned subsidiary MRCB Builders Sdn Bhd today signed a contract with GCH Retail (M)…
Weak performances in Singapore and Indonesia eroded underlying profits in multinational retailer Dairy Farm Group’s food division last year. Last week, Dairy Farm reported a 5 per cent overall increase in sales on a constant currency basis, but a 14 per cent…
Malaysian retailer GCH Retail plans to add six stores to its Giant hypermarket network this year and relaunch 28 outlets. The new Giant Malaysia stores will open in Setapak (Kuala Lumpur), ICangar (Kedah), Kota Baru (Kelantan) and Jeneh (Terenggam), with the…
Giant plans to open six new stores and relaunch 28 existing stores nationwide to provide a renewed shopping experience for customers next year. Among the six new stores to be opened are in Setapak, Kuala Lumpur, ICangar, Kedah; Kota Baru, Kelantan; and Jeneh.…
Dairy Farm International Holdings says softer sales growth and steep cost increases led to weakened margins in the third quarter. In an interim management statement, which does not include financial data, the Hong Kong-based pan-Asian retailer says the group…
THE bulls and bears of Singapore’s industrial property market often reflect the pace of economic growth and the composition of the manufacturing sector. Since its post-independence days, the manufacturing sector in Singapore has evolved to be a key…
Retail company PT Hero Supermarket (Hero) will spend up to Rp 640 billion (US$48 million) this year for business expansion with retail plans to open stores in several cities across the country. The move will be made to restore the company’s disappointing…
Dairy Farm Indonesia is reviewing the future of its Starmart convenience store chain after closing nearly a third of its stores in the latest half year. The chain has been hit hard by the Indonesian government’s moves to limit the sale of alcohol, banning…
A carve-up of Tesco Asia operations seems increasingly likely with credible reports in three different nations now of serious expressions of interest. While markets await firm news of progress of HSBC’s quest to find a buyer for the Tesco Korea business, the…
Award-winning book retailer Fang Suo Commune has opened another stunning store – this time in Chengdu, China. Two more are planned later this year – one in Chongqing in March and another in Qingdao later in the year. It is already planning a Shanghai store…
