Analysis: Synergies begin to show after merger of SEA hypermarkets
Inside Retail
SEPTEMBER 19, 2022
Soon after Britain’s Tesco abandoned its retail business in Thailand and Malaysia in early 2021, its buyer, Thailand’s Charoen Pokphand Group, merged it with its Siam Makro wholesale arm. Sales for the wholesale business grew by almost 7 per cent over the first half of 2021. per cent (up from 2 per cent in 2021) on the retail side.
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