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Locals step up M&A retail strategy with foreign players


Locals step up M&A retail strategy with foreign players
14:00 | 21/05/2021
E-mart will sell its Vietnamese business to THACO
South Korea s largest supermarket chain E-mart is selling its retail store business in Vietnam to THACO Group after hitting road bumps to expand in the market. Accordingly, the local business will be converted to a franchise model managed by THACO, which will pay royalty fees to E-mart.
Since its debut in Vietnam in 2015, E-mart planned to open 10 hypermarkets within five years. At present, the retailer has only one hypermarket in Go Vap district of Ho Chi Minh City. The retailer failed to realise its expansion plans due to challenges in securing liscenses and development sites. ....

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Becamex IDC and Central Retail Vietnam co-develop GO! shopping mall in Binh Duong

Becamex IDC and Central Retail Vietnam co-develop GO! shopping mall in Binh Duong
vir.com.vn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vir.com.vn Daily Mail and Mail on Sunday newspapers.

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