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THACO to expand Emart hypermarket system in Vietnam 17:53 | 01/06/2021 After acquiring the Emart hypermarket system, Truong Hai Auto Corporation (THACO) is planning to expand the chain to 3-4 hypermarkets by 2022 and to 11 points of sale by 2025. THACO expects to expand the chain to 3-4 hypermarkets by 2022 and to 11 points of sale by 2025 At its online shareholders meeting on May 31, THACO said it has reached a formal agreement with Emart Inc. and expects to complete the final stages of the deal in mid-June. After the deal is completed, THACO will develop the detailed design of the stores and prepare for the efficient operation of the Emart hypermarket business. ....
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. ....