Retail in Asia

Central denies hypermarket ambition

Central Group yesterday insisted it is not seeking to establish its own hypermarket chain to counter TCC Group’s entry into the big retail segment with the recent acquisition of a major stake in SET-listed Big C Supercenter Plc.

Instead, it is considering buying Big C store operations in Vietnam from Casino Group, a leading French retailer.

Tos Chirathivat, the group’s chief executive, said Central did not have any plan to sell its 25% stake in Big C Supercenter in Thailand after TCC Group’s Berli Jucker Plc successfully bought a 58.56percent stake in Big C.

Berli Jucker will make a tender offer for the remaining shares in Big C soon.