Big C buys Cambodia’s Kiwi Mart

[geovalin]

Big C Supercenter Plc, a leading retail operator in Thailand, has acquired Kiwi Mart – a convenience store chain in Cambodia – via its Cambodian subsidiary to strengthen its retail business in the neighbouring country. According to Gary Hardy, an adviser of Big C Supercenter, Big C Supercenter (Cambodia) reached an agreement to acquire Kiwi Mart in Cambodia last week.

 

The acquisition was effective as of May 17, but the value of the deal has not been disclosed. “The acquisition of Kiwi Mart is an important opportunity for both Big C and its parent firm, Berli Jucker Plc, to expand business in the Asean region, including Cambodia,” he said. The deal allows Big C to own 18 Kiwi Mart stores in Cambodia, 17 of which are in Phnom Penh, with the other branch located in Kampot province.

 

read more https://www.khmertimeskh.com/501084329/big-c-bags-cambodias-kiwi-mart/