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Tag: Tops Market

  • Big C brand name to be fully replaced by Tops Market, GO!

    Big C brand name to be fully replaced by Tops Market, GO!

    Retail chain Big C plans to rebrand all its outlets as Tops Market or GO! this year, laying the Big C name to rest after 22 years in Vietnam.

    Thailand’s Central Retail, its owner, began the process on March 1 by changing the names of three Big C outlets in HCM City, in An Phu and Thao Dien in District 2 and Au Co in Tan Phu District, to Tops Market.

    The four stores in Hanoi in Tu Liem, Ha Dong, Thanh Tri, and Thanh Xuan districts will be renamed soon.

    By the end of last year five Big C hypermarkets in Nha Trang City, Can Tho and Ha Long cities and Binh Duong and Vinh Phuc provinces had their names changed to GO!.

    The company said the rebranding is meant to create a new look and upgrade its shopping space.

    Central Group bought Big C Vietnam from France’s Casino Group in 2016 for over $1 billion.

    From 2022, the Big C brand will only exist in Thailand, where it is owned by TCC Group led by tycoon Charoen Sirivadhanabhakdi.

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  • Tops Thailand parent plans aggressive

    Tops Thailand parent plans aggressive

    Tops Thailand parent Central Food Retail has committed Bt6.5 billion (US$183 million) to open new stores during the next five years.

    At a function marking the Central Group’s supermarket subsidiary’s 20th anniversary this week, president Alistair Taylor said the company plans to add about 70 new stores annually to reach 600 by the end of 2021. It currently has 205.

    “For this year alone, we plan to allocate between Bt1.2 billion and Bt1.3 billion of investment capital in two areas,” he said.

    “Between Bt200 million and Bt300 million will be spent on a system to support our growth. Another Bt600 million will be spent on new stores, and between Bt400 million and Bt500 million on renovations of our existing supermarkets.”

    Central Food Retail operates 85 Tops Market stores, 51 Tops Daily and seven Central Food Hall stores, among other formats.

    The focus of the expansion plan will be rolling out new Tops Daily and Tops Market stores.

    Taylor says the plan will help the company maintain average growth of 10-15 per cent.

    Central Food Retail is also considering opportunities outside Thailand.

    “There are also many opportunities we have seen in neighbouring countries. However, there is no fixed plan decided by the company at this moment.”

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