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[Tempatan]
Selamat tinggal Giant
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Giant operator Dairy Farm to exit Malaysian grocery business after 24 years
KUALA LUMPUR (Feb 23): Hong Kong’s Dairy Farm International Ltd (DFI), which operates a chain of hypermarkets and supermarkets under the Giant, Mercato and Giant Mini brands, is exiting its grocery business in Malaysia, which has become increasingly competitive over the past few years, industry sources said.
DFI, which operates the retail chain under GCH Retail (Malaysia) Sdn Bhd, is believed to have been sold for “at least a couple of billions [of] ringgit” to a group of Malaysians led by Datuk Andrew Lim Tatt Keong. Lim is the group executive chairman of KL Sogo and he also sits on the board of Penang-based Gama Supermarket & Departmental Store Sdn Bhd.
GCH Retail in Malaysia is 70% owned by DFI and 30% by Syarikat Pesaka Antah Sdn Bhd, a company linked to Negeri Sembilan royalty.
It is unclear if the sale includes DFI’s Singapore business.
The Edge understands that an announcement will be made by the company to its employees this afternoon.
GCH, which had aggressively shut stores in Malaysia since 2019, bringing the total number of stores to less than half by 2021, undertook a revamping, resizing and repositioning exercise to return to the black. In 2018, it operated some 122 stores.
The company was in the red from 2013 and returned to the black in 2020, posting RM12.23 million in net profit. The retailer however slipped back into the red in FY2021. It is yet to file its financial results for the year ended Dec 31, 2022. In FY2021, the retailer posted a net loss of RM106.17 million, on the back of RM2.38 billion in revenue. It had total liabilities of RM2.71 billion and total assets of RM1.23 billion.
GCH entered the country in 1999, via the purchase of a 90% stake in the Giant business, then operated by the Teng family. At the time, there were seven stores — five supermarkets and two hypermarkets.
GCH is part of the DFI group. DFI is incorporated in Bermuda and has a main listing on the London Stock Exchange and secondary listings in Bermuda and Singapore.
In Malaysia, DFI also operates a pharmacy and health and beauty chain under the Guardian Health & Beauty Sdn Bhd.
Lam Jian Wyn
https://www.theedgemarkets.com/node/656464 |
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teng mini market , better known as TMC
jaman duk bangsar dulu, sanggup panjat pagar pi beli janjan
balik2 tu kena rotan  |
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barang2 di giant mahal...org prefer pi econ save dan mydin |
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nasib baik tak sangkut puting di pagar
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kiranya owner giant pasni org malaysia lah kan? agaknya kerugian tahun 2021 tu mungkin sebab bukak giant mini banyak2 lagi2 kena bersaing dgn KK Mart & SpeedMart. |
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Ai suka sayur bayam kangkung giant |
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speedmart jual lagi murah. lagi satu banyak store dia |
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giant ni masalahnya merata2 dia nak bukak... kadang2 dah ada satu giant dia pergi bukak lagi 2 tempat sama...
macam mana nak hidup?? design pun dah outdated... tesco yang dah di takeover lotus tu pun meletop yach... dapat la tengok design fresh dan baru dan of kos produk2 siam semua dia bawak masuk... dah la produk2 siam herlok plak tu berbanding tempatan... |
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giant mahal. tapi kadang tu ada jugak murah.
jarang pergi giant sebab bahagian barang basah macam ikan ayam semua tu macam tak fresh. lepastu terasa 'suasana' kelam je bila pergi giant. tak rasa 'ceria'. |
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giant yg "sihat",kat batu caves ,kota damansara
lain x tau |
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Ok lagi giant drpd Lotus yg susunan barang kat rak mcm kedai runcit pprt.. |
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knp semue pakat kluar dr malaysia ni, dr tesco, carrefour, makro skrg giant lak. Malaysia ni bukan negara yg menguntungkan lg kaa atau bukan negara kaya anymore kah.. |
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orang sinonimkan giant harga mahal, presentation pun sendu. takde in house brand tuk bersaing dgn lotuss punya in house yg murah2, diapers, tisu etc.
lagipun dia macam ada sedikit kotor skit tak tau la nak explain macammana, bau dalam pasaraya tu tak best skit. mungkin kena tukar lighting ke, aircond distribution macam kurang umpp compare to lotuss. mydin aku taktau la jauh nak gi. aku tau lotuss je.
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jual brg standard pasar malam /tani sape nak beli... |
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dudaberhias replied at 23-2-2023 03:06 PM
giant ni masalahnya merata2 dia nak bukak... kadang2 dah ada satu giant dia pergi bukak lagi 2 tempa ...
Jadi lotuss dah takleh feeling2 makan biskut dari uk
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Mata aku kero sekejap tadi.. instead of Selamat Tinggal Giant.. aku nampak TT tuleh Selamat Tinggal Cari
Ingatkan stingok dah tenat uzur nak mampos.. baru nak dial caterer order pulut kuning utk Farewell Party katanyehhhhhh |
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sashasam replied at 23-2-2023 02:38 PM
kiranya owner giant pasni org malaysia lah kan? agaknya kerugian tahun 2021 tu mungkin sebab bukak g ...
Ada mention ke sapa bakalan take over? Maybe aku terlepas baca kot...
Anyway, depend juga sapa beli, ada possibility international player jugak yang acquire.. mcm tesco exit and Lotuss' thailand acquire business kat malaysia lah |
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ade uols
DFI, which operates the retail chain under GCH Retail (Malaysia) Sdn Bhd, is believed to have been sold for “at least a couple of billions [of] ringgit” to a group of Malaysians led by Datuk Andrew Lim Tatt Keong
konsepnya macam tesco tukar kepada lotus gtuh.
cuma iols tak pasti samada lotus sudah jadi milik malaysian.
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Post time 23-2-2023 02:17 PM
变色卡
