Supermarket operator Giant TMC has revealed the latest stage in its expansion plans with a further RM80m investment in Malaysia, earmarked for the construction of two new supermarkets and three hypermarkets. "Giant will also be setting up an International Procurement Centre in the Klang Valley which will be a centre for the purchase and dispatch of goods to the retail outlets in the Asian region. This is to leverage on the economies of scale," said Michael Kok, regional director of
MALAYSIA: Investment for expansion planned by Giant supermarket operator
Get full access to all content, just $1 for 30 days
just-food gives you the widest food market coverage.
But only paid just-food members have full, unlimited access to all our exclusive content - including 19 years of archives.
Try just-food for 30 days and get the research report; ‘Is sugar the next tobacco’ for free!
Dean Best, editor of just-food
Do you get our newsletters? If yes, log in to your account to access your FREE READS. Don't know your password? That's cool - you can reset it here.
Most Popular
Insights
- 2019 - The year in food industry M&A
- Why food M&A activity has dried up
- Big Food's VC-style funds: the investments so far
- Interview - plant-based firm Moving Mountains
- UK food companies on how to tackle China
News
- Nestle to sell US ice-cream arm
- Mars and Nestle in plastic recycling initiative
- Nuova Castelli makes decision on US cheese plant
- EU unveils European Green Deal
- Sainsbury's trials cereals initiative
Market research
