THAILAND: Carrefour applies to foreign owned firm ahead of expansion plans
In preparation for the start of its major expansion plans, the Thai subsidiary of Carrefour , the French owned hypermarket group currently ranking second worldwide, has applied to the commercial registration department in Thailand for permission to become a foreign-owned company. Under Thai law, companies in the country are required to maintain a Thai-owned majority stake. When it entered the Thai market, therefore, Carrefour was forced to secure local investment of 4.5bn baht to establish its subsidiary, while foreign investors gathered Bt3.1bn. Working towards a major drive for expansion, however, the company is hoping that the foreign investment will increase.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Interview: Sir Kensington's on sale to Unilever
- Analysis: Post discusses rationale for Weetabix
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Interview: "Disruptive" snack brand Hippeas
- Unilever buys US condiments maker Sir Kensington's
- Nestle organic growth slows but beats expectations
- Ice cream helps Unilever sales, food flat
- Suntory to offload Australia, New Zealand foods
- Dairy dampens Danone in Q1