THAILAND: Casino to triple Big C store count
By Michelle Russell | 7 January 2013
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Casino said it has a target of reaching 1,250 stores by 2016. |
Retail giant Casino has confirmed plans to triple its store count in Thailand as part of a strategy to strengthen its position in the country.
A spokesperson for the retailer told just-food today (7 January) it has a target of reaching 1,250 stores by 2016.
The retailer is expected to expand all its store formats, including its Big C hypermarket and supermarket banners, and its Mini Big C stores.
"This is in line with the group's statement when announcing the success of Big C Thailand private placement in May last year, to roll out its expansion plan as part of Big C's strategic plan ... aimed at strengthening its co-leadership position in the Thai retail sector and becoming a major player in the region."
In October last year, Casino announced plans to raise THB25bn (US$806.3m) through a rights offer to fund a three-year expansion plan for its operations in Thailand. The retailer said it wanted to become one of the largest modern food retailers in the region.
A year earlier, Casino acquired Carrefour's Thai operations in a deal worth EUR868m (US$1.2bn).
Sectors: Retail
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