KUALA LUMPUR (April 6): Advancecon Holdings Bhd's agreement with Mydin Mohamed Holdings Bhd to develop a rooftop solar power system at the latter's outlet in Bandar Seremban Utama, Negeri Sembilan has been terminated.
KUALA LUMPUR (Feb 20): Three out of the four foreign hypermarket players in the country “have yet to meet the local shareholder requirement”, The Edge reported this week.
KUALA LUMPUR (Dec 5): Hypermarket operator TF Value-Mart (TF) may have recently changed owners, but they are keeping to its successful and simple formula of focusing on second-tier cities and remaining asset-light, The Edge Malaysia reports.
KUALA LUMPUR (April 24): Solarvest Holdings Bhd has secured a rooftop solar project worth RM29.
LONDON (March 9): Britain's biggest retailer Tesco said on Monday that it agreed to sell its businesses in Thailand and Malaysia to Charoen Pokphand Group for an enterprise value of US$10.
KUALA LUMPUR (Feb 22): With the revised Guidelines on Foreign Participation in the Distributive Trade Services 2020 kicking in on Jan 1, the rules have now “been relaxed” for foreign operators of large-format grocery stores.
PETALING JAYA (Feb 14): Kmart added to the recent surge of Australian store closures by announcing the closure of its branch in the northern Melbourne suburb of Northcote on Nov 22 this year when the store’s lease ends, NewIdeaFood reported on Tuesday.
PETALING JAYA (Feb 1): GCH Retail (M) Sdn Bhd, which operates Giant, Cold Storage, Mercato and Jason’s branded hypermarkets and supermarkets, will exit Sabah and Sarawak within the next couple of months as part of the reorganisation of its operations, The Edge Malaysia reported today.