Hong Kong’s Dairy Farm International has acquired the Macau-based supermarket operator, San Miu Supermarket.
The purchase price was not disclosed.
San Miu operates 15 mass-market supermarkets with an average gross store size of approximately 9500 sqft.
In a statement, Dairy Farm said the purchase of San Miu reinforces Dairy Farm’s retail presence in Macau, and complements its well-established convenience store and health and beauty businesses in the territory.
Dairy Farm Group, together with its associates and joint ventures, operates more than 6100 outlets – including supermarkets, hypermarkets, convenience stores, health and beauty stores, home furnishings stores and restaurants – employing over 100,000 people. It posted total annual sales in 2014 exceeding US$13 billion. It is a member of the Jardine Matheson Group.
