Thailand’s Central Group says it’s planning to open a brand new division retailer within the Italian metropolis of Turin inside the subsequent two years.
Central Group Thailand is already engaged in a gentle worldwide enlargement plan, having final yr opened its first division retailer in Indonesia and this yr having confirmed it’s in negotiations to purchase an unidentified German division retailer.
Tos Chirathivat, the group’s CEO, was quoted by the Bangkok Submit newspaper saying the corporate is negotiating the rental of 10,000sqm in an undisclosed Turin website the place it’s going to open a La Rinascente division retailer. Central owns 11 La Rinascente department shops in Italy and has a 12th underneath development in Rome, which might make Flip its 13th location.
Central Group Thailand additionally owns the Illum retailer in Denmark, at present underneath renovation.
Tos informed the Bangkok Submit La Rinascente gross sales grew 13 per cent to euro 600 million within the first quarter of this yr. About one third of the gross sales are to vacationers, largely Chinese language.
