VietNamNet Bridge - "Although we have the right to use the brand name Big C within 10 years after the acquisition, we have decided to rename it next year," said the CEO of Thailand’s Central Group.

In a statement released on June 13, Mr. Tos Chirathivat, CEO of the Central Group, said in Southeast Asia, the Group will focus on Vietnam after the successful acquisition of shares in the supermarket chain Big C Vietnam.

The deal was conducted in April, at a price of $1.1 billion.

"The acquisition of Big C gives us not only the Big C supermarket chain consists of 33 branches, but also all 10 convenience stores and 30 shopping centers owned by subsidiaries of Big C. Our current challenge is how to focus on the retail sector in Vietnam," Tos said.

In addition, he said the Central Group had planned to rename Big C in Vietnam, but this adjustment will be carried out next year.

After buying a majority stake in Big C Vietnam, the Central Group recorded total revenue of $1.13 billion in this market. The group predicts that revenue will grow over 10% annually.

Central Group Vietnam currently operates two Robins commercial and fashion centers in Hanoi and Ho Chi Minh City, two Marks & Spencer stores, 27 Supersports stores, 21 Nguyen Kim Electronic Supermarket and 13 Lan Chi supermarkets in Vietnam.

Son Tung