Central Group announces acquisition of Big C Vietnam in partnership with Nguyen Kim Group
Ho Chi Minh City, Vietnam – 29 April 2016: Central Group and Nguyen Kim Group today announced their joint acquisition of Big C Vietnam for EUR 920 million (USD 1.05 billion).
Central Group formed its joint venture with leading Vietnamese electronics retailer Nguyen Kim Trading in January 2015. The success of the partnership has been underpinned by a mutual commitment to contribute to the prosperity of Vietnam economically, and to improve the quality of life of the country’s people – an ethos that will carry in to the Big C Vietnam acquisition.
Established in July 2011, Central Group Vietnam is a member of Central Group. Our presence in Vietnam spans into numerous retailing including electronics, sporting, fashion, and department stores.
Central Group Vietnam currently employs more than 6,600 people in Vietnam, operating in around 100 stores in different retail formats including 4 department stores and concept stores, 27 sport stores, 30 fashion stores; 1 hotel; 21 electronics stores, 1 E-commerce platform, 13 Lanchi stores.
Through strong partnerships with Nguyen Kim and Lanchi Mart, our success grew out of our determination and commitment to contribute to the prosperity of Vietnam and to improve the quality of life of the people.
“Ultimately our success grew out of our determination and commitment to contribute to the prosperity of Vietnam and to improve the quality of life of the people – and we see in Big C a partner that shares this commitment and vision to improving and enriching the lives of people here,” said Mr. Nguyen Van Kim, Chairman of Nguyen Kim Trading Company.
Central Group’s pathway to success internationally is to invest with local partners and work collaboratively with all local stakeholders. As such with this acquisition, the Group is committed to continue to maintain strong relationships with Big C’s Vietnamese suppliers and farmers, its customers, its employees and the local authorities and communities, which allowed the development of modern retail in the country, notably the sourcing of goods produced in Vietnam for Big C stores.
About Central Group Vietnam
Central Group Vietnam (CGV) is a recent addition to the Central Group of companies – A leading family-owned conglomerate holding company in Thailand that is involved in many retail businesses such as merchandising, real estates, shopping malls, department stores, specialized stores, hospitality and restaurants.
Established in Vietnam in July 2011, Central Group Vietnam’s presence spans numerous industries including electrical, sporting, fashion, department stores, hospitality, e-commerce and super-hypermarkets. Our success grew out of our determination and commitment to contribute to the prosperity of Vietnam and to improve the quality of life of the people of Vietnam.
In Feb 2016, Central Vietnam Group has now grown up to more than 6,600 employees.
It operates 100 stores nationwide, including 4 department stores, 27 sport stores, 30 fashion stores; 1 hotels; 21 electronics stores, 1 E-commerce, 1 wholesale business and 13 supermarkets.
The five major business units include Fashion Group, Nguyen Kim Electronics, Nguyen Kim E-commerce, Lan Chi Mart and Centara Hotel& Resort Management.
Our journey started with Fashion in 2012 with the first three fashion brands. From that base we have grown to a Fashion Group with more than 60 stores nationwide, including Sports, Department Stores and Concept Stores.
In January 2015, Central Group Vietnam started a strategic partnership with Vietnam’s leading electronics retailer – Nguyen Kim.
In late 2015, Central Group Vietnam has entered a new strategic partnership with Lan Chi Mart. Founded in 1995, Lan Chi is a pioneer in super-hypermarkets in an untapped rural market to serve the people in the country side of Vietnam.
With an eye toward sustainable development, the company’s success goes beyond business achievement but also commitment to bring Vietnam to a better world. /.
For more information, please visit:
http://www.supersportsvietnam.com
http://lanchi.vn/
