THE BUSINESS behind the BIG C brand firmed as the most likely winner of Carrefour assets in Thailand today. Carrefour has a network of 40 stores in Thailand, with one in Phuket at the Jungceylon mall in Patong.
Casino Guichard-Perrachon SA, a French grocer, already controls Big C Supercenter Pcl in Thailand. Big C today asked Thailand's stock exchange to temporarily halt trading of its shares because the company ''is in the process of disclosing significant information,'' it said in a statement.
Carrefour is in the process of auctioning off assets in Thailand, Malaysia and Singapore to permit the brand to springboard into China and Indonesia. Assets in Thailand have been estimated at 35,000 million baht.
A Carrefour spokeswoman declined to comment to Bloomberg finance news service today. So did spokespeople for Casino and Tesco, the British-based chain that was believed to be a bidder.
Phuket Store Brand Joins the Retail Gold RushCasino Guichard-Perrachon SA, a French grocer, already controls Big C Supercenter Pcl in Thailand. Big C today asked Thailand's stock exchange to temporarily halt trading of its shares because the company ''is in the process of disclosing significant information,'' it said in a statement.
Carrefour is in the process of auctioning off assets in Thailand, Malaysia and Singapore to permit the brand to springboard into China and Indonesia. Assets in Thailand have been estimated at 35,000 million baht.
A Carrefour spokeswoman declined to comment to Bloomberg finance news service today. So did spokespeople for Casino and Tesco, the British-based chain that was believed to be a bidder.
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It's unlikely to see the same products diversification as they have in Carrefour. Shopping at Big C or Lotus is simply boring.
Posted by Jean-Paul Patrick on November 15, 2010 13:33