Giant

2023 - 2 - 23

Post cover — Image courtesy of "The Edge Markets MY"

Giant operator Dairy Farm sells grocery business to Malaysian ... (The Edge Markets MY)

DFI Retail Group, which entered the Malaysian market 24 years ago through the acquisition of Giant, has decided to exit the increasingly competitive grocery ...

"We are very excited by the opportunities for Guardian as it continues to grow rapidly, bolstered by the significant expansion of our store network, store refurbishments and improved customer offerings. “The company has exciting plans over the next two years — continuing to refresh the Guardian store format and significantly expanding its store network (currently over 500), with the expected creation of hundreds of jobs,” Bush said. It is not known how the sale of the Malaysian business will impact the listed entities. Commenting on the deal, DFI's CEO for Southeast Asia, Chris Bush, said: "We are delighted to be able to transition our food business to such a well-respected and successful local retail group, who will also be retaining our dedicated team members. In FY2021, the retailer posted a net loss of RM106.17 million on the back of RM2.38 billion in revenue. Yap is said to be the person behind Euro Deli Shop Sdn Bhd, a company that specialises in imported meat and sausages from Europe.

Major local retail group makes giant purchase (The Sun Daily)

KUALA LUMPUR: DFI Retail Group (DFI) today entered into an agreement with a leading Malaysian retail group, led by local businessman and entrepreneur ...

This move will allow us to have even greater impact for our customers as we build on our strengths in delivering excellence to our customers every day. Chris Bush, CEO of Southeast Asia, DFI Retail Group said “We are delighted to be able to transition our food business to such a well-respected and successful local retail group, who will also be retaining our dedicated team members as well. This local retail group will also take on 2,500 team members who currently support the food business.

Malaysian retail group buy DFI's food business including Giant ... (New Straits Times Online)

KUALA LUMPUR: DFI Retail Group has signed an agreement with a leading Malaysian retail group led by local businessman and entrepreneur Datuk Andrew Lim for ...

A giant among intellectuals (The Star Online)

Professor Emeritus Tan Sri Mohd Kamal Hassan was an intellectual with impeccable credentials. He was known for his academic excellence and leadership.

I found it interesting for a scholar to “appropriate” what seemed to be a simple Malay concept of sejahtera (literally wellbeing, prosperity) from an Islamic perspective. However, The Malay Concept of Sejahtera from an Islamic Perspective has had a profound effect on me. He was known for his academic excellence and leadership.

Giant operator Dairy Farm to sell off Malaysian grocery ops (Malay Mail)

KUALA LUMPUR, Feb 23 — Dairy Farm International Ltd is leaving Malaysia's grocery retail sector in which it operates the Giant, Mercato and Giant Mini ...

GCH started its operations here in 1999 when it took over the homegrown Giant supermarket chain at the time. The Hong Kong-based firm said it was exiting the sector after over two decades to focus on growing its Guardian Health and Beauty chain. KUALA LUMPUR, Feb 23 — Dairy Farm International Ltd is leaving Malaysia’s grocery retail sector in which it operates the Giant, Mercato and Giant Mini chains.

DFI Retail Group to dispose its Giant, Cold Storage chains in Malaysia (Free Malaysia Today)

DFI's food retail businesses sold to Malaysian retail group for a few billion ringgit, say sources.

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Giant hypermart operator Dairy Farm to exit Malaysia (The Borneo Post)

KUALA LUMPUR (Feb 23): Dairy Farm International Ltd is reportedly leaving Malaysia's grocery retail sector in which it operates the Giant, Mercato and Giant ...

GCH started its operations here in 1999 when it took over the homegrown Giant supermarket chain at the time. However, DFI was not exiting the region entirely, as it was said to be maintaining its operations in Singapore. The business news outlet said DFI was believed to have sold of its stake in the local operations — GCH Retail (Malaysia) Sdn Bhd — for several billion to a Malaysian conglomerate headed by Datuk Andrew Lim, the group executive chairmain of KL Sogo.

Giant operator Dairy Farm to exit Malaysian hypermart scene (Malay Mail)

KUALA LUMPUR, Feb 23 — Dairy Farm International Ltd is reportedly leaving Malaysia's grocery retail sector in which it operates the Giant, Mercato and Giant ...

Giant & Cold Storage Will Be Sold To A Malaysian Retail Group (SAYS)

Hong Kong's Dairy Farm International Ltd (DFI) is expected to dispose of more than 80 grocery stores by March 2023.

Lim said he and his new team members pledged to add value and enhance the respective brand equities of Cold Storage, TMC, Giant, and Mercato brand names in Malaysia. In a statement, DFI said, "The local retail group shares similar beliefs as DFI in delivering great quality, service, and value to customers." The company also said that the local retail group will also take on 2,500 employees under the brands. Popular grocery chains, Giant and Cold Storage, will be sold to a Malaysian retail group led by local businessman and entrepreneur Datuk Andrew Lim Tatt Keong "By bringing these businesses together, under experienced local ownership, both customers and team members will continue to benefit from the positive changes to Giant, Cold Storage, and Mercato that have taken place in recent years, forging an exciting platform for future growth through deep market knowledge, brand investment, and competitive strength." Giant & Cold Storage Will Be Sold To A Malaysian Retail Group

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