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Tag: central group

Retail Asia13/07/2022
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Real Estate

Central Group unveils US$825m Vietnam expansion plan

4min0
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 Reuters. The corporate needed to reduce its valuation expectations after China’s COVID-19 restrictions, […]
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Retail Asia17/09/2020
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General

Thailand’s Central Group acquires OfficeMate

2min0
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 “strengthen Central Retail’s hardlines group” the company said in a statement. The […]
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Retail Asia07/05/2020
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General

Thailand’s Central Group commits space to communities

2min0
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 government-led initiatives to assist national economic recovery in establishing and implementing a […]
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Retail Asia04/02/2020
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Real Estate

Central Group to take stake in Globus

2min0
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 business. Globus reportedly has significant property assets making it an attractive target for Austrian property investor Rene […]
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Retail Asia13/11/2019
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General

Thailand’s Central Group invests in EU expansion

5min0
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 on our strategy to ride on the global tourism trend by developing high-quality flagship projects in major tourist cities,” […]
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Retail Asia10/04/2019
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General

Central Group closes Robins Vietnam online store

2min0
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 Royal City in Hanoi and Ho Chi Minh City’s Crescent Mall. A Central Group representative […]
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Retail Asia22/02/2019
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Living

King Power duty free monopoly ending soon

2min0
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 Suvarnabhumi outside Bangkok. Frequent travellers often comment that airport ‘duty-free’ prices are higher than at other airports […]
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Retail Asia23/10/2018
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Research

Some Insights about Central Group – Thailand

9min0
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 first to import international cosmetic brands; the first to focus on impeccable […]
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Retail Asia27/08/2018
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General

Massive expansion for Central Group Vietnam

2min0
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 new retail formats. “We are very strong in Vietnam in food business […]
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Retail Asia04/06/2018
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E-Tailing

JD.com ready to roll out Thai domain

2min0
A JV between JD and Thailand’s Central Group, Central JD Commerce will launch online marketplace www.jd.co.th in August. A soft launch is scheduled within the next few weeks. “Thailand is our second-biggest market in Southeast Asia following Indonesia, with Vietnam in third place,” says JD corporate VP Gloria Li. She says Southeast Asia became part […]
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Retail Asia05/02/2018
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E-Tailing

Thailand Central Group to pursue online growth

4min0
The company with the biggest grip on Thailand’s brick-and-mortar retail market is expecting a partnership with China’s JD.com Inc. to pursue online growth. Central Group, which controls Thailand’s biggest operator of shopping malls and department stores, expects online sales to account for as much as 15 percent of its revenue in five years, from 2 […]
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Retail Asia16/11/2017
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E-Tailing

JD.com surprises with first profitable quarter

6min0
JD.com profit soared 50 per cent after a 39 per cent increase in sales during the Chinese online retailer’s latest quarter. Its unaudited results for the three months to the end of September show revenue of RMB83.7 billion (US$12.6 billion), with a record 50.3 per cent surge in gross profit to RMB13 billion. Non-GAAP gross […]
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Retail Asia04/10/2017
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Food

Central Group buying Dean & Deluca rights outside US

2min0
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 subsidiary Pace Food Retail for $140 million in 2014. Dean & Deluca […]
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