Carrefour, the world's second largest retailer is leaving Thailand

[moetownblues]

Wallmart is in the wing.

Is this a rumor or based on some facts? I like Walmart as much as I like Big C! NOT!

If they come here, will the Thai people start looking like this?

http://www.peopleofwalmart.com/

I'm outta here if they do!

[moetownblues]

Thank the "redshirts". Who wants to be a target of arson? I'm sure their insurance rates have gone through the roof!

Oh blame the redshirts for the closure of Carefour stores. Those damm redshirts. Why not blame the redshirts for the humidity and the rain.

[james24]

Good. Now we only have to take care of Tesco next.

Big-C & 7-11 are both Thai's own.

7-11 is Thai owned....? I thought it was American or Japanese....

[moetownblues]

Good. Now we only have to take care of Tesco next.

Big-C & 7-11 are both Thai's own.

7-11 is Thai owned....? I thought it was American or Japanese....

7/11 is a huge American chain with over 30,000 stores across the globe. You could be forgiven for thinking it was Thai because I think 29,900 of those stores are in Thailand seems to be one every 50 meters or so

[Changian]

7/11 is a huge American chain with over 30,000 stores across the globe

7-eleven has been Japanese for the last 20+ years.

[jfchandler]

7/11 started out as an American company, but was taken over by Japan's largest retailing company in the early 1990s and has been Japanese owned ever since then....although a very familiar Thai company owns the franchise rights to stores in Thailand.

When I worked for them back in the late 70s and early 80s, they were controlled by the Southland Corp., the U.S. owner, and oversaw both corporate owned and franchised stores in the U.S.

I'm not sure Thailand is their largest market today in terms of store presence. Wiki says Thailand's number of stores ranks third behind the U.S. and Japan.

Thailand

The franchise in Thailand is the Charoen Pokphand Group, which in turn grants franchises to operators. There are more than 5,400 7-Elevens in Thailand, half of which are in Bangkok, making Thailand have the 3rd largest number of stores after the US and Japan.^[28]

Japan

Japan's first 7-Eleven Store in Kōtō, Tokyo, opened in May 1974 Japan has more 7-Eleven locations than anywhere else in the world, where they often bear the title of its holding company "Seven & I Holdings". Of the 34,200 stores around the globe, 12,349 of them are located in Japan with 1,577 in Tokyo alone.

The feel and look of the store is somewhat different from that of the U.S. 7-Elevens. In Japan they offer a wider selection of products and services. Japanese 7-Elevens offer not only food, drinks, and magazines, but also video games and consoles, music CDs, DVDs, digital cardreaders as well as seasonal items like Christmas cakes, Valentine's Day chocolates, and fireworks. Slurpees and Big Gulp super size soft drinks were introduced in the early 1980s but discontinued some years later.

On September 1, 2005, Seven & I Holdings Co., Ltd., a new holding company, became the parent company of 7-Eleven, Ito Yokado, and Denny's Japan.

[chantorn]

I wonder if they sell those cruel goose liver in CF? Very cruel indeed.

[moetownblues]

I wonder if they sell those cruel goose liver in CF? Very cruel indeed.

well if the goose is dead then it won't need it's liver

[wintermute]

Good. Now we only have to take care of Tesco next.

Big-C & 7-11 are both Thai's own.

7-11 is Thai owned....? I thought it was American or Japanese....

I remember meeting some Thais who were puzzled when I said McDonalds and KFC were American brands. The U.S. franchising is so successful overseas that a lot of these brands have become "domestic" household names in countries like Thailand and aren't look at as foreign anymore. That is a true sign of success.

Also Big-C is a joint venture between Thais, Vietnamese, and Frenchmen. It's by no means a sole Thai venture.

[MikeyIdea]

Good. Now we only have to take care of Tesco next.

Big-C & 7-11 are both Thai's own.

7-11 is Thai owned....? I thought it was American or Japanese....

7/11 is a huge American chain with over 30,000 stores across the globe. You could be forgiven for thinking it was Thai because I think 29,900 of those stores are in Thailand seems to be one every 50 meters or so

CP - February 2010

Total: 5,270 stores of which 2,800 are CP -> 53% CP and 47% franchise. More importantly, CP plans to expand by 450 stores per year and their strategy is that 60% of that should be franchise and 40% CP owned.

CP still owns a small majority (53%) but franchise will overtake next year. And since CP is Thai owned: all 7/11s are local Thai

Not Japanese, not American

[Buchholz]

Carrefour Thins List of Bidders for Asia Stores

French retailer Carrefour SA has cut British rival Tesco PLC and Japan's Aeon Co. out of the bidding for its stores in Southeast Asia, people familiar with the matter said.

Those bidders that have gone through to the next round include Casino Guichard-Perrachon SA of France, together with Thailand's Big C Supercenter PCL, which it part owns; Thai retail group Central Group; Thai consumer products manufacturer Berli Jucker PCL; and Thailand's largest energy conglomerate by revenue, PTT PCL, which runs convenience stores at its gas stations.

Carrefour, the world's second-largest retailer after U.S.-based Wal-Mart Stores Inc., is selling assets in Singapore, Thailand and Malaysia and was hoping to raise about $1 billion, people familiar with the matter said.

Continues:

http://online.wsj.com/article/SB10001424052748703597204575483463545190910.html

Wall Street Journal - September 11, 2010

[ballpoint]

I wonder if they sell those cruel goose liver in CF? Very cruel indeed.

Well if they're cruel geese then they deserve everything they get.

[whybother]

Big C to Take over Carrefour Thailand

The mega retail chain Big C will be taking over all Carrefour branches in Thailand. The deal is estimated at over 3.5 billion baht.

-- Tan Network 2010-11-15

[hammered]

There are more than a few Carrefours very close to Big Cs. Guess they will have to be sold off