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Businessman Datuk Andrew Lim, who is leading a Malaysian retail group to take over Hong Kong-based DFI Retail Group’s food retail businesses in Malaysia, has clarified that the investment is in his personal capacity and unrelated to Sogo Malaysia. Lim, who is the group deputy chairman of SOGO Department Store Sdn Bhd, said Sogo Malaysia will continue to be managed and operated separately and independently. ....
DFI Retail Group, which entered the Malaysian market 24 years ago through the acquisition of Giant, has decided to exit the increasingly competitive grocery retail industry. ....