Connect with us

Economy

Central buys Family Mart Thailand

Published

 on 

PHOTO: Facebook

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.

A spokesman says that over the past 8 years, CRC has been working to improve the franchise’s business model and expand its product offering, as well as its domestic presence.

“Family Mart has become a destination with ready-to-eat meals, beverages, fresh coffee and open spaces for people to come mix and mingle 24 hours a day. Currently, FamilyMart has 1,000 stores nationwide, and we plan to continue expanding our stores, as we are committed to investing for our future growth.”

“The acquisition of Family Mart is in line with CRC’s strategy to strengthen its retail and service platform, reaffirm our leading position in retail business, as well as to increase our offering of full-scale services through customer-centric omni-channels.”

Earlier this year, Family Mart introduced 24/7 coin washing machines to cater to consumers’ busy lifestyles. Recently, it also launched “Food Drink Container Mart” machines, as well as vending machines to offer more convenience to consumers.

As consumers today demand faster services, Family Mart has also partnered with Grab Thailand to allow customers to have items delivered using the GrabMart application.

SOURCE: Bangkok Post

 

Get more from The Thaiger

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

Jack Burton is an American writer, broadcaster, linguist and journalist who has lived in Asia since 1987. A native of the state of Georgia, he attended the The University of Georgia's Henry Grady School of Journalism, which hands out journalism's prestigious Peabody Awards. His works have appeared in The China Post, The South China Morning Post, The International Herald Tribune and many magazines throughout Asia and the world. He is fluent in Mandarin and has appeared on television and radio for decades in Taiwan, Mainland China, Hong Kong and Macau.

Follow Thaiger by email:

Crime25 mins ago

Police raid Chinese porn studio in Chon Buri, 4 arrested

Bangkok1 hour ago

Blaze at US office near German Embassy in Bangkok

Expats1 hour ago

Aussie man plunges to death from 17th floor of Pattaya hotel

Sponsored2 hours ago

Enjoy a splashing time and immerse yourself in Thai Mythology in Andamanda Phuket

Thailand1 hour ago

More details emerge on Deadly Fire in NightClub | GMT

Chon Buri15 hours ago

Faulty wiring, poor construction, unsafe materials in Mountain B fire

Chon Buri15 hours ago

Mountain B: Owner out on bail, Bangkok club inspection, viral moment

Join the conversation on the Thaiger Talk forums today!
Central Thailand17 hours ago

Thai woman murders her abusive boyfriend in front of a monk

North East17 hours ago

UPDATE: Sexy Thai model fined 5,000 baht for dancing topless in club

Thailand17 hours ago

Thailand News Today | Poll says 64% Thais had enough with PM Prayut

North East17 hours ago

10 year old killed & 5 injured after pickup hits motorbike sidecar

Crime18 hours ago

Court releases Mountain B owner on bail for 300k baht following fire in eastern Thailand

Coronavirus (Covid-19)18 hours ago

Thailand has 5 BA.2.75 antibody-resistant Covid-19 sub-variant

Tourism18 hours ago

UK student conquers mountain in Thailand blindfolded

Home Services18 hours ago

Top 5 reasons to get a maid service in Thailand

Cambodia19 hours ago

Nigerian monkeypox case who fled Thailand is banned from Cambodia for 3 years

Thailand11 months ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand1 year ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism1 year ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket1 year ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism1 year ago

Phuket Thai food treats you need to try | VIDEO

Thailand1 year ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism1 year ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand2 years ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand2 years ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand2 years ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand2 years ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand2 years ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand2 years ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand2 years ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand2 years ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending