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MBK Partners, a private equity firm primarily operating in Northeast Asia, recently announced plans to sell its struggling South Korean supermarket chain, Homeplus. This move aims to prevent the retailer from going under. In an attempt to keep the firm afloat…
Japanese department-store chain Tokyu is to exit Thailand, the third Japanese retailer to withdraw from the country this year. Tokyu aims to close its last store at Bangkok’s MBK shopping center next January, ending 35 years of trading in the city. The…
Thai shopping mall MBK Center has launched a “Bangkok Buddy” service aimed at providing a memorable customer experience for local and international shoppers. Available from 2pm every day, the two-hour experience starts with an exclusive hip hop and…
Central FamilyMart plans to double the number of its convenience stores in Thailand from 1116 to more than 2000 within five years. President Chiranun Poopat says the company will continuously expand the number of FamilyMarts to cater to a growing market and…
Thai developer MBK plans to spend 500 to 800 million baht (US$14 to 23 million) building a community mall in Pathum Thani province next year. President/chief executive Suvait Theeravachirakul says the mall will be opposite Bangkradi Industrial Estate in…
Japanese retail initiative Animate Co will open a store in Bangkok’s MBK shopping centre in the second quarter of next year, part of a program to help spread anime and manga culture throughout Southeast Asia. According to Japanese news media, the store will…
Private-equity firms such as MBK Partners and the Carlyle Group are among the short-listed bidders for Homeplus, a local discount retailer owned by the U.K. grocery chain Tesco, according to people with knowledge of the matter. Affinity Equity Partners and…
Tesco’s obvious technique to attract out bidders for its Korean Homeplus operation is already paying off. Whereas personal fairness gamers have been apparently despatched invites to bid, the best way the information of the as but formally unconfirmed sale…
MBK Plc, the SET-listed operator of MBK shopping centre in Bangkok, is negotiating with local partners to co-develop a lifestyle shopping complex in Tak province to attract Myanmar shoppers. The 20,000-square-metre project will be used as a prototype to…
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