The retail group explains their decision to let go of Giant and Cold Storage. Full story here:
There have always been several well-known supermarket brands in Malaysia. But in recent years, most of these have been undergoing changes. And, as it turns out, fellow supermarket brands Giant and Cold Storage haven’t been spared either.
The transaction will be completed by March, with the new owners taking on 2,500 team members. Chris Bush, CEO of Southeast Asia DFI Retail Group added that they see this as a win for both customers and team members alike. DFI believes the handover will provide “enable greater competitiveness, service and valueDatuk Lim has also thanked DFI for entrusting the retail brands to him and the local retail group.
“. Datuk Lim himself is currently the executive chairman of Gama Group and the deputy chairman of Sogo department stores in Malaysia.DFI has indicated that they have confidence in Datuk Lim and the local retail group to grow the brands. “
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