AEON 2Q slumps 36% on lower revenue, higher operating costs
Revenue for the period rose 2.
Singapore supermarket tycoon’s S$65m “Hidden House”
When the billionaire supermarket tycoon Lim Hock Leng showed the Singapore media a sneak peek of the family house in April this year, many were surprised by the “minimalistic luxurious” multigenerational home that embraces nature, family and heritage value.
'Home-shopping' for grandma with Alzheimer's disease during home isolation
KUALA LUMPUR (April 16): Adapting to home isolation can be challenging, what more for Jason van Genderen's mother who has Alzheimer’s disease.
Tesco sells businesses in Thailand, Malaysia for US$10.6b
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.
Country's first ultra-premium supermarket to open in Bangsar
KUALA LUMPUR (Feb 14): As Hong Kong's Dairy Farm International Holdings Ltd (DFI) prepares to shut down its upmarket grocery brand Jasons Food Hall at Bangsar Shopping Centre (BSC), Kuala Lumpur, another up-and-coming domestic premium grocery operator is already preparing to take over its spot.
Kmart and Myer closures in Australia sound alarm for shopping centres
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.
Giant to exit Sabah and Sarawak
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.
Thai tycoons bid for Tesco’s US$7b Asia business
PETALING JAYA (Dec 28): Thai tycoons are looking to buy the Thailand and Malaysian operations of Britain's biggest retailer Tesco, Bloomberg reported yesterday.
Tesco considers sale of Thai and Malaysian stores
PETALING JAYA (Dec 9): Britain's biggest retailer Tesco is reviewing its businesses in Thailand and Malaysia after being approached by an unnamed buyer, Reuters reported on Sunday.
Supermarkets and hypermarkets in Malaysia are consolidating: Industry expert
PETALING JAYA (Sept 17): Supermarket and hypermarket operators in Malaysia are shutting down under-performing stores, Retail Group Malaysia managing director Tan Hai Hsin said.
