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Retail Asia18/01/2017

Vietnam’s Mobile World – the electronics retailer – says it plans to open 300 more grocery stores under the Bach Hoa Xanh banner this year. The convenience store chain targets time-poor Vietnamese housewives who prefer small stores to crowded supermarkets or hypermarkets. With 50 stores in Ho Chi Minh City’s Binh Tan district alone, Bach […]

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Retail Asia02/12/2016

Berli Jucker (BJC), the owner of Big C Supercenter, will allocate TB10 billion (US$280 million) to expand the Big C hypermarket chain. It plans to opening 213 stores and renovate 54 outlets next year. BJC executive VP for group strategy and investor relations Oliver Gottschall says the company will make an aggressive expansion of the […]

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Retail Asia17/11/2016

More than ever, consumers in Vietnam are looking for the ‘Made in Thailand’ label when purchasing consumer goods, and they’re willing to pay a premium for these products, according to experts. The high domestic demand for Thai products, they say, was the driving factor that resulted in the Thai Central Group earlier this year acquiring […]

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Retail Asia02/11/2016

Thai hypermarket operator Big C Supercenter boosted margins in the latest quarter despite the challenging economic climate. The company has reported continued resilient rental and service income growth, margin improvement across the board thanks to a focus on the quality of sales – delivering a “robust” Big C profit boost. The third quarter to September […]

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Retail Asia19/10/2016

Thai retailer Central Group expects revenue to rise 21 per cent to Bt320 billion ($9.17 billion) this year following strong growth in overseas business plus tourist spending. Controlled by Thailand’s Chirathivat family, Central is seeking to expand in Southeast Asia, says CEO Tos Chirathivat, citing Cambodia, Laos, Myanmar and Vietnam. He expects overseas revenue to […]

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Retail Asia18/10/2016

JLL released a brief report on Asian and European retailers ready to penetrate the market of more than 90 million people.The report pointed out evidence of the expansion of foreign retailers in Vietnam’s market. At the end of 2014, Berli Jucker Plc (BJC) acquired Metro Cash & Carry Vietnam at the cost of 655 million […]

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Retail Asia14/09/2016

South Korea’s largest discount chain E-mart has committed to invest $200 million in Vietnam, continuing the trend of foreign investors entering the Southeast Asian nation’s rapidly growing consumer sector. A memorandum of understanding between E-mart and Vietnam’s Ho Chi Minh City was signed on September 9. Emart will make the investment over the next four years. The investment is expected to be […]

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Retail Asia03/08/2016

Thai retail giant Central Group has declared around VND2 trillion (US$89.6 million) in tax on its acquisition of Vietnam’s biggest foreign-owned supermarket chain Big C, local media reported. Big C Vietnam, which declared the tax on behalf of its new owner, has paid VND380 billion ($17.03 million) of the amount, Tuoi Tre newspaper said on […]

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Retail Asia15/07/2016

Thailand’s retail market is expected to grow at a compound annual growth rate (CAGR) of more than 6 per cent from now until 2020. This was revealed in the latest market study by global technology research and advisory company Technavio. Its research report, Thailand Retail Market 2016-2020, offers an analysis of the market in terms of […]

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Retail Asia27/05/2016

Berli Jucker Group, the new owners of Big C Thailand, have announced a major expansion plan targeting the regions. Big C Supercenter’s board, now controlled by Berli Jucker Group after it bought stakes from Group Casino and Central Group, over recent months, have signed off on a budget of up to THB6 billion (US$168 million) […]

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Retail Asia26/05/2016

Thai retailer Central Group said it will put a hold on its acquisition spree in Vietnam, after the recent aggressive expansion in the country, to focus on making profit over the next three years, according to different media reports. The recent forays in Vietnam include the establishment of three Robins Department Stores, the acquisition of a […]

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Retail Asia23/05/2016

After acquiring supermarket chains in Vietnam, Thai retail groups have started strengthening the distribution of products from Thailand to the detriment of Vietnamese labels. Central Group and BCJ Group now have more than 50 supermarkets and convenience stores in Vietnam, and VietnamNet reports that more than half of the retail market share in Vietnam is […]

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Retail Asia18/05/2016

Thailand’s Central Group is a step nearer to settling on Big C Vietnam after selling its stake in Big C Thailand to a rival retailer. Central has accepted an offer from rival TCC Group for its 25 per cent holding of Big C Supercenter, reported to be worth at least 50 billion baht (US$1.4 billion). […]

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Retail Asia18/05/2016

Complaints by Ho Chi Minh City businesses about foreign retailers in Vietnam have sparked the prime minister to order an investigation. Members of the Ho Chi Minh City Union of Business Associations (HUBA) say the growing number of foreign retailers in Vietnam have a loose rein to expand at a pace that will eventually hurt […]

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Retail Asia02/05/2016

Thai retail conglomerate Central Group has won the bidding battle for Groupe Casino’s Big C Vietnam business. Groupe Casino has confirmed Central paid €1 billion (US$1.14 billion), which will be used to pay down debt. That price is as much as $300 million more than the French retailer reportedly expected to get for the business […]

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Retail Asia27/04/2016

South Korean retail heavyweight Lotte has reportedly withdrawn from the bidding battle for Big C Vietnam. Reuters, quoting unnamed sources familiar with the matter, said the company was not keen to bid aggressively for the supermarket network. Lotte already has its own network of hypermarkets in Vietnam and will no doubt have costed a bid […]

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Retail Asia29/03/2016

Berli Jucker shareholders have voted in favour of the US$6.2 billion acquisition of a majority stake in Big C Thailand. The vote – virtually unanimous – followed news the listed company had secured funding for the purchase from a syndicate of 15 banks and means the deal is now all but complete. Settlement is expected […]

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Retail Asia22/03/2016

Thailand’s Berli Jucker shareholders have voted in favor of a $6.2 billion acquisition of hypermarket operator Big C Supercenter Pcl (BIGC.BK) from France’s Casino Group. Some 99.99 percent of voters approved the plan at Monday’s meeting, two financial sources who attended it said. Berli, the core retail business of Thai tycoon Charoan Sirivadhanabhakdi’s TCC group, […]

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Retail Asia07/03/2016

Central Group chief executive Tos Chirathivat says the group has set aside 39 billion baht for investments at home and abroad this year. PHRAKRIT JUNTAWONG Central Group yesterday insisted it is not seeking to establish its own hypermarket chain to counter TCC Group’s entry into the big retail segment with the recent acquisition of a major stake […]

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Retail Asia16/02/2016

Shares in Big C finished up 9.7 percent as investors cheered an up to $3.5 billion deal by France’s Casino Group to sell its majority holding in the Thai hypermarket operator to TCC Group, owned by whiskey tycoon Charoen Sirivadhanabhakdi. The Vietnam unit sale had been planned earlier. Casino has said it plans to raise […]

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