Thailand news & analysis

07 February 2020
Thailand’s largest retailer, Central Retail Corp (CRC), has priced its initial public offering (IPO) at THB42 (US$1.36) per share. Largest IPO ever in Thailand The company is raising about US$2.5bn in the deal. Central Retail is controlled by the Chirathivat family which is involved in various businesses from retail, hospitality, real estate and merchandising. It set the indicative price ba...
07 February 2020
Tesco's Asian business has attracted significant interest from powerful Thai businesses. Three three major family conglomerates are understood to have made bids for the retailer's operations in Thailand and Malaysia, according to reports in the Financial Times. Three bids on the table The bidders are reported to be: Charoen Pokphand (CP Group) , the diversified business that owns Tha...
07 February 2020
Dairy Farm will have separate leaders for food and health & beauty division in Southeast Asia. Separate pillars for food and health & beauty Sam Kim joined Dairy Farm as Chief Executive Officer for Southeast Asia in April 2018. He had been appointed Chief Executive Officer for Health & Beauty and Chief Marketing & Business Development Officer in September 2019. Chris Bush had been appointed...
09 January 2020
Tesco has delivered a solid performance in a challenging UK market and continued to progress major changes to its European and Asian operations. Headline LFL results     Q3: 13 weeks to 23 Nov   Christmas: 6 weeks to 4 Jan Combined: 19 weeks to 4 Jan UK -0.4 +0.1 -0.2 ROI +2.0 +1.9 ...
03 January 2020
Central Retail Corporation aims to raise up to THB81.1bn (US$2.7bn) in an initial public offering (IPO) at THB40-48 per share. 3 years in the making Yol Phokasub, CEO of Central Retail Corp, said the company had been preparing for three years to list by restructuring to fit with regulations, strengthening its core business and creating a new platform. Central Retail Corp will include Robins...
02 January 2020
Thailand has banned the use of plastic bags at major supermarket chains. The government aims to move towards a complete ban of plastic bags at all retailers from 2021. Increased public cooperation 75 department stores, convenience stores and other shops with more than 24,500 branches nationwide have agreed to stop giving plastic bags away for free. "Thailand was ranked sixth among the worl...
09 December 2019
In a surprise development, Tesco has announced that it has put its businesses in Thailand and Malaysia into a strategic review, a move that could that result in their sale to another retailer or to private equity. Early stage of evaluation Tesco said in a statement that “following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malays...
06 December 2019
The Mall Group, which operates Gourmet Market in Thailand, is spending more than THB1bn (US$32.9m) to expand its business in Bangkok and the suburban areas. Stand-alone premium supermarkets focus The retailer will invest THB350-500m (US$11.5m - US$16.5m) annually to build new Gourmet Markets outside the Mall complexes. Another THB200m (US$6.6m) will be spent on upgrading two Home Fresh Mart...
05 December 2019
Big C, operated by Berli Jucker, has set aside THB6.5bn (US$214m) to expand in Thailand and overseas. Confidence in domestic market The retailer will invest THB5.5bn (US$181.3m) in Thailand to open five to seven new Big C hypermarkets and 300 to 400 mini Big C stores in 2020. Another THB500m (US$16.5m) will be spent on IT facilities. It will also be studying the feasibility of opening “town...
13 November 2019
Berli Jucker (BJC), operator of Big C in Thailand, reports a decline in total consolidated revenue of 0.1% for Q3 2019. Decline attributed to lower retail sales Its retail division, which consists of Big C grocery stores and Pure drugstores, recorded total sales of THB27.3bn (US$900m) for Q3 2019, a decrease of -1.4% over the same period last year. Same store sales slowed down to -4.9% year...