Retail in Asia

In Sectors

Aeon to build malls in major Asian countries

Aeon, the Japanese business group better known here as personal loan provider, unveiled a multi-billion-dollar investment plan to develop shopping centres in major Asian countries except Thailand.

Thailand is not on Aeon’s radar screen as the country is crowded with local heavyweight players like Central Pattana Plc and The Mall Group.

"We are here to convince Thai companies to take up space at our malls in ASEAN countries," said Akifumi Nakamura, director and executive general manager for ASEAN at Aeon Mall Co.

(Source: Bangkok Post)