Dairy Farm’s Hero Group to close Giant supermarkets in Indonesia

Date : 02 June 2021

Francis Ramos

Senior Retail Analyst

PT Hero Supermarket, owned by Dairy Farm International, plans to close its hypermarket banner Giant by the end of July to improve its finances.  Some of these will be converted into new outlets for its IKEA, Guardian and Hero banners.  Sales drop in hypermarkets has influenced the decision to…
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