There are a lot of reasons to point your car south and head to the Wasatch Front, and Cache Valley residents listed most of them in response to a question
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S Korean retailer E-Mart to exit Vietnam, local firm THACO reported to be buyer
May 19, 2021
South Korean retailer E-Mart will exit Vietnam after six years of operations in the Southeast Asian country, it revealed in its shareholder meeting documents dated May 17.
The company announced that it has decided to sell 100% of its interest in E-Mart Vietnam Co Ltd, which was opened in 2015. Korean media reported that the buying partner for the deal would be Vietnamese firm Truong Hai Auto Corporation (THACO).
Following the sale, THACO was said to operate E-Mart Vietnam as a franchise.
E-Mart Vietnam had a book value of approximately 138 billion won by the end of March, according to E-Mart’s quarterly earnings report.
Retail market slumps, global supermarket chains leave Vietnam Chia sẻ | FaceBookTwitter Email Copy Link Copy link bài viết thành công
10/03/2021 06:49 GMT+7
Big C, Metro, Tran Anh and Vien Thong A, once powerful retail giants, have disappeared after takeover deals.
Central Retail Group has renamed seven Big C supermarkets to Tops Market and 5 Big C hypermarkets to GO! in its brand repositioning plan.
Other Big C hypermarkets, one after another, wi also be repositioned and renamed this year. Once the process completes, Big C, the brand which has been familiar to Vietnamese for 22 years, will no longer exist in Vietnam.