Retail

Looking forward to 2030, CBRE said many street shops in the Central Business District (CBD) will be styled up as appearance will become an important factor to attract shoppers. The Thu Thiem new urban area will become a new entertainment and shopping hub for Viet Nam by that time, it said. … [Read more...] about Large retail formats to dominate city’s retail market

Singaporean property developer Keppel Land has announced plans to acquire 60 percent of the ownership of three land lots measuring 6.2 hectares (15.3 acres) in Ho Chi Minh City via a $56 million acquisition deal between its subsidiary and Phu Long company. … [Read more...] about Consumers goods, retail, real estate continue to lead M&A market

Talking with VIR, Nguyen Chi Duc, Regional Director, Business Development (Vietnam, Thailand and Cambodia), Votiva Vietnam Ltd., said that the digital shopping landscape has increased consumers' expectations for interaction and product suggestions based on their habits, interests, and shopping behaviour. However, traditional retailers have been struggling to meet these expectations. Culture and technology need to change at all levels of a retail organisation to provide the experience that customers expect. … [Read more...] about Digital transformation helps retail industry live up to expectations

Quang, chairman and CEO of Masan, also took over as chairman of VCM Services and Trading Development Jsc, a subsidiary of Vingroup that owns a 64.4 percent of VinCommerce, Masan revealed this in a recent announcement about a bond issue. … [Read more...] about Masan chairman takes over at Vietnam’s biggest retailer

Hanoi (VNA) – Thailand’s retail giant Central Retail (CRC) launched the country’s biggest ever initial public offering (IPO) on February 20, giving it a market cap of some 8.1 billion USD in a punt on a sputtering economy now hampered by the new coronavirus disease (COVID-19). With this IPO, the conglomerate targets to mobilise over 71 billion THB (2.26 billion USD). The Stock Exchange of Thailand said the IPO puts CRC among Thailand’s 12 largest listed companies. CRC Chief Executive Yol Phokasub said CRC is very proud to become the country’s largest IPO ever, adding the money raised will be used for business expansion and stores’ renovation. Founded after World War II, CRC is owning hundreds of shopping malls, electronics stores, and convenient stores across the nation. It has been on an ambitious overseas spending spree-acquiring or partnering with luxury shopping brands in Italy, Germany and Switzerland./. … [Read more...] about Thailand’s retail giant launches record-breaking IPO