The new owner has put Big C into its Central Group system in Vietnam, along with Nguyen Kim shopping center and Zalora, an e-retailer.

In early 2016, Groupe Casino, a French mass retailer agreed to sell Big C Vietnam to the Central Group, a family-owned conglomerate holding company in Thailand that is involved in merchandising, real estate, retailing, hospitality and restaurants, with the amount of over $1.17 billion.īig C Vietnam was quickly restructured after its ownership transfer. With more than 30 shopping centers, this supermarket is one of the largest retailers in Vietnam, which have total sales of over $432 million and a steady growth over the years. Major renovations of seven Alcudia outlets are also planned this year, while Big C aims to maintain its brand-price leadership in the market.Appearing in Vietnam since 1998, Big C is one of the very first models operating under the structure of supermarket chain. They include a business expansion, with the opening of six hypermarkets, three Big C Markets and 75 Mini Big C stores. Warunee said that despite having a new majority shareholder, Big C would continue to follow its strategic priorities set for 2016. Warunee said the decision to divest the stake was in line with what public listed companies did.

Responding to the Casino Group’s decision to divest its shares in Big C, Warunee Kitjaroenpoonsin, director of corporate affairs at Big C Supercentre, said Big C was a public listed company consisting of many shareholders, with Casino the majority shareholder. The deal to purchase the controlling stake in Thailand’s leading hypermarket chain will cost tycoon Charoen Sirivadhanabhakdi’s holding company Bt252.88 a share.Īn agreement between the two companies could be announced before the market opens in Asia this morning. The move is in line with the French company’s plans to cut its debt.

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