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Big C eyes Tesco's business in Thailand

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Big C eyes Tesco's business in Thailand

By THE NATION

 

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Retail operator Big C Supercenter is keen on acquiring Tesco Lotus's business in Thailand to bolster its position in the market, said president Aswin Techajareonvikul, adding that the company had already made an offer to Tesco.

 

Tesco, one of the world's largest retailers, said last year that following inbound interest, it had commenced a review of the strategic options for its businesses in Thailand and Malaysia, including an evaluation of selling its interest in the two countries. 

 

The evaluation of strategic options is still at an early stage, no decisions concerning the future of Tesco Thailand or Malaysia have been taken, and there can be no assurance that any transaction will be concluded, it said in a recent statement.

 

Source: https://www.nationthailand.com/business/30380658

 

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-- © Copyright The Nation Thailand 2020-01-16
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The more you have, the less you are happy, insatiable greedy!
I hope you can't do it, it would be another monopoly that wouldn't do the people already battered by an incapable government!

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I like Tescos ordering and delivery system better.

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13 hours ago, William Osborne said:

In most cases they already co-exist so doesnt make a lot of sense ...just duplicating stores in close proximity to each other 🤔

what, like 7/11

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1 minute ago, Orton Rd said:

Apart from Tops, Villa, Foodland and Makro etc

None are really in the same league--what is known as a hyper store or supercenter.

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6 minutes ago, Orton Rd said:

Apart from Tops, Villa, Foodland and Makro etc

these stores are for different groups of people makro aimed at small business and bulk buyers, the others aimed at the rich and foreigner

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So we have TCC Group who already own Big C, now wanting to buy Tesco. Now where was the Competition watchdog which suddenly reared its head the other day???...

Must be Thailands most inactive positions, probably very lucrative to....

 

Essentially its a choice between Central, TCC and CP.

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