masan

Retail Asia30/11/2022

Conglomerate Masan Group has received a syndicated loan of US$600 million at 6.7% interest from international financial institutions. The five-year loan was arranged by BNP Paribas, Credit Suisse, HSBC, and Standard Chartered Bank from a consortium of 37 financial institutions. Masan said improved business results in the consumer and retail segments have made it easier […]

Retail Asia23/08/2022

Conglomerate Masan Group has bought another 34% in beverage chain Phuc Long Heritage to increase its ownership to 85%. It paid VND3.62 trillion ($154.60 million) for the deal on August 1, according to its half-year report. It has invested a total of VND6.45 trillion in Phuc Long. In the first half of this year Phuc […]

Retail Asia27/07/2022

Vingroup JSC, Vietnam’s biggest listed firm by market value, said on Tuesday it will merge with leading consumer retailer Masan Group t create the country’s biggest retail company. Vingroup said in a statement that the two companies were finalizing legal procedures to sign an official agreement for the merger between its retail and agriculture units and […]

Retail Asia10/02/2022

Conglomerate Masan announced Wednesday that it has spent an additional $110 million to increase its ownership in the Phuc Long beverage chain from 20 percent to 51 percent. “Since Masan’s initial investment, Phuc Long has demonstrated strong synergies with MSN’s Point-of-Life strategy, which can now be accelerated with Phuc Long as a consolidated subsidiary of […]

Retail Asia25/05/2021

A subsidiary of the Masan Group conglomerate has signed an agreement to acquire a 20 percent stake in tea shop chain Phuc Long Heritage Jsc. Masan’s The Sherpa Company Ltd will pour $15 million into the company, established last week to own the Phuc Long brand, which is among the most popular beverage brands in […]

Retail Asia20/05/2021

Chinese e-commerce giant Alibaba Group Holding and partners have invested $400 million in the retail unit of Vietnamese conglomerate Masan Group, Masan said on Tuesday. The consortium, which includes Alibaba Group and Baring Private Equity Asia, has paid for a 5.5 percent stake in Masan’s retail arm, The CrownX, the company said in a statement. […]

Retail Asia13/11/2020

Conglomerate Masan Group will invest VND5 trillion ($215.7 million) in the subsidiary that controls its VinMart retail chain to help expand it. The investment would quadruple the charter capital of The Sherpa to VND6.5 trillion, it said in a statement. Through the company, Masan indirectly owns 71 percent of VinCommerce, which operates VinMart+ convenience stores […]

Retail Asia05/11/2020

Masan has closed 421 VinMart+ convenience stores and 12 VinMart supermarkets this year as it restructures the retail business it acquired this year from Vingroup. Most of the closed stores were in Ho Chi Minh City. The closure has resulted in a cut in losses for its VinCommerce subsidiary, with the earnings before interest, taxes, […]

Retail Asia28/07/2020

Conglomerate Masan has not been able to buy out instant coffee producer Vinacafe Bien Hoa JSC due to unfavorable market conditions. Its subsidiary Masan Beverage Company Limited could only purchase a 0.3 percent stake in the coffee producer via order matching between June 17 and July 16, against a plan to purchase 1.51 percent to fully own […]

Retail Asia16/01/2020

Vietnam consumer-goods company Masan Group says it plans to shut down hundreds of VinMart and VinMart+ stores it purchased from VinGroup last year. The company said they will open 10-30 new Vinmart supermarkets and close 100-300 Vinmart+ stores this year to focus on improving profitability of existing locations instead of following the program of massive […]

Retail Asia11/12/2019

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Vietnamese business giant Vingroup has agreed to merge its retail and agriculture unit with Masan Consumer Holdings, aiming to form Vietnam’s biggest retailer. The deal has the effect of spinning off Vingroup’s retail assets into a new company in which it will hold a minority stake, freeing Vietnam’s largest privately-owned to focus on its industrial […]

Retail Asia18/11/2019

Vietnamese food giant Masan is struggling to grow its beer business, which is suffering losses and could drop out of the domestic market. Masan expects a loss of $15 million this year from its White Lion beer brand, Danny Le, board member of Masan Consumer Holdings, said at an investors’ meeting last month. If the […]

Tag: masan

Masan receives $600-mln foreign syndicated loan

Masan increases Phuc Long stake to 85%

Vietnam’s biggest retailer Masan to bolster pharmacy retail interests

Masan acquires majority stake in Phuc Long tea chain

Masan acquires 20 pct stake in Phuc Long tea chain

Alibaba, partners invest US$400 million in retail arm of Vietnam’s Masan

Masan injects $215.7 mln into VinMart controlling unit

Masan closes 433 VinMart stores to cut losses

Masan fails to buy out Vinacafe

Masan Group to shutter hundreds of Vinmart stores

Vingroup, Masan to form Vietnam’s biggest retail group

Masan struggles to grow in Vietnam’s competitive beer market