The Thai arm of French retail giant Carrefour is set to bolster registered capital for expansion by a further 1.5bn baht (US$33m).


The money will be added to the 7bn baht (US$154m) already set aside by CenCar Co to fund expansion. Pascal Billaud, managing director of CenCar, revealed that during 2002 the money would fund the building of two new large stores, in Samrong and Onnuj, and new outlets in Bang Khae, Ratchadapisek, Bang Bon and Bang Pla Kot.


Billaud is confident that with over 160,000 households as a retail base there is still plenty of scope for expansion within the retail industry as a whole.


Four existing stores are also due to be remodelled next year, and the company plans to spend around 100m baht (US$2.2m) on a marketing campaign.


For this year, CenCar expects to post a 15% increase in sales revenue from last year, to reach 13.3bn baht (US$293m).

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.