FRIDAY, March 29, 2024
nationthailand

Central buys FamilyMart convenience store chain

Central buys FamilyMart convenience store chain

Central Retail Corporation (CRC) has bought out FamilyMart, the convenience store chain with outlets across the country. 

CRC informed the Stock Exchange of Thailand on Wednesday (May 27) that its Central Food Retail (CFR) subsidiary had reached an agreement to buy the remaining 49 per cent of shares in Central FamilyMart (CFM).
CFR bought the 5,757,500 remaining shares from its Japanese partner, which decided to divest its investment in Thailand. CRC subsidiaries SFM Holding and Robinson Plc already held stakes in FamilyMart of 50.65 per cent and 0.35 per cent, respectively. 
The acquisition will enable Central to take complete control of the FamilyMart franchise and make changes to meet consumers’ needs in order to expand the business, said CRC.

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