reader Posted May 31, 2020 Posted May 31, 2020 From The Thaiger Shopping centre operator Central Retail Corporation has bought 100% of Family Mart, one of Thailand’s major convenience store chains, as it “moves forward to develop a new business model to cater to modern consumers”. CRC’s chief executive officer says the acquisition will strengthen Central’s hold on the food market and convenience store business in Thailand, which is burgeoning. Since 2012, CRC has partnered with Japan Family Mart with its subsidiary SFM Holdings holding a 50.65% stake and Robinson Plc holding a 0.35% stake in Central Family Mart Ltd, the local operator of the Family Mart chain in Thailand. Yesterday’s acquisition saw CRC snap up the remaining 49% from the Japanese partner making it the sole owner of FamilyMart’s Thailand operations. Quote
