Retail Wars in Malaysia: When Giants Buy Time with Money
Retail Wars in Malaysia: When Giants Buy Time with Money Retail Wars in Malaysia: When Giants Buy Time with Money By Amarjeet Singh @ AJ Malaysia’s retail landscape has just witnessed another major shift, and this is not just another business deal to be read and forgotten. This is a signal. A signal of how fast the market is changing, how power is concentrating, and how the future of retail is no longer about just selling goods on shelves. Thailand’s Charoen Pokphand Group (CP Group) , through Lotus’s Malaysia , has announced the acquisition of The Food Purveyor Group for RM1.66 billion . With that single move, some of Malaysia’s best-known premium supermarket brands now come under one umbrella: Village Grocer Ben’s Independent Grocer (B.I.G.) Pasaraya OTK BSC Fine Foods Leisure Grocer Bites Shop Overnight, CP Group has strengthened its grip on Malaysia’s retail market, expanding beyo...