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Carrefour Getting Out Of SE Asia

astral

By astral
in Thailand News

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astral Star Member

astral

Posted
Posted

Tesco bids for Carrefour's S.E. Asian stores

SINGAPORE (AFP) – British and Japanese retail giants along with local operators are in an auction battle to take over the Southeast Asian business of French supermarket chain Carrefour, reports said Thursday.

Tesco is among more than 10 bidders for Carrefour's assets in the region, which total 61 stores in Malaysia, Singapore and Thailand, the Financial Times said.

Singapore-based retail group Dairy Farm and French retailer Casino are also in the bidding, but US titan Wal-Mart has not entered the race.

http://news.yahoo.com/s/afp/20100902/wl_uk_afp/asiafranceretailcompanycarrefour

Englander Advanced Member

Englander

Posted
Posted

I hope Tesco don't take them over. Got enough already. Need more competition.

I hope Tesco take them over and ditch the Lotus part of the company, if the Tesco stores in Thailand resembled the stores in England itd be a giant leap forward.

But surely there is a monopolies commission to stop this kind of takeover, is there not?

  • Like 1
asiawatcher Platinum Member

asiawatcher

Posted
Posted

It would behoove Thailand to have a competitor not another Tesco. Service is already lax but stores generally good but it will drop if they don't need to compete. Giants with deep pockets and the battle of the (bank) bulge - interesting.

basjke Platinum Member

basjke

Posted
Posted

I hope Tesco don't take them over. Got enough already. Need more competition.

I hope Tesco take them over and ditch the Lotus part of the company, if the Tesco stores in Thailand resembled the stores in England itd be a giant leap forward.

But surely there is a monopolies commission to stop this kind of takeover, is there not?

The lotus part only exists on the billboard.The thai shops are for years already 100% owned by Tesco.

lazygourmet Platinum Member

lazygourmet

Posted
Posted

I posted regarding this matter more than two month ago even naming the biggest bidder -which is Thai-.... And the one who will take it over!

Anyway, keep on going with your own speculation... that is why ThaiVisa is made for, ain't!?!

PS: by the way Casino (France) has 49.9% ownership in Big C - called Continent before-... Same percentage as Tesco (U.K.) has with Tesco-Lotus.

Pib Star Member

Pib

Posted
Posted

The Carrefour in my area of Bangkok seems pretty packed everytime I visit it. Would hope they are making a good profit with all the customers. Wonder what the real reasons are for getting out of SE Asia? Shame to see them leave as we definitely don't need Lotus to take over the Carrefour stores. I prefer Carrefour to Lotus due to a better/wider selection of products.

basjke Platinum Member

basjke

Posted
Posted

I posted regarding this matter more than two month ago even naming the biggest bidder -which is Thai-.... And the one who will take it over!

Anyway, keep on going with your own speculation... that is why ThaiVisa is made for, ain't!?!

PS: by the way Casino (France) has 49.9% ownership in Big C - called Continent before-... Same percentage as Tesco (U.K.) has with Tesco-Lotus.

from wiki :

Thailand

Main article: Tesco Lotus

Tesco entered Thailand in 1998 and operates through 380 stores as part of a joint venture with Charoen Pokphand and named the operation Tesco Lotus. This partnership was dissolved in 2003 when Charoen Pokphand sold its shares to Tesco

snakestick Explorer Member

snakestick

Posted
Posted

LOL, of course Walmart wont enter the bidding. They're not stupid. They wont invest to have a warehouse size store that carries 6 brands of beer, 2 aisles of cooking oil, a rice aisle and not much else

MESmith Platinum Member

MESmith

Posted
Posted

Wonder what the real reasons are for getting out of SE Asia?  

There was an item on BBCWorld a couple of days ago - looks like they want to concentrate on China.

jackr Diamond Member

jackr

Posted
Posted

Carrefour will be sadly missed...

All other supermarkets don't cut it imo.

In Thailand as a whole maybe, but in Chiang Mai we have a wonderful set of supermarkets known as Rimping which makes Carrefour look like an overgrown mom 'n pop store. Among the generic biggies though - including Tesco and Big C - it is the best.

Portlandstone Advanced Member

Portlandstone

Posted
Posted

@Chantorn

Are you practicing your English here?

Good idea and..err..free!

Haha, that's exactly what I thought. Is Chantorn a lady, or a ladyboy?

As for a Tesco takeover of Carrefour, I would agree with other users that there should definately be competition rather than just them. On the other hand, though, in my impression Tesco does run a really good store here.

  • Like 1
PatLogan Senior Member

PatLogan

Posted
Posted

Sounds like 2-weeks old news to me...

Back then PTT was said to be a candidate in buying over the branches. And yes Carrefour seems very busy being very successful in China whistling.gif

It seems they plan to sell separately their branches in Thailand from the ones in Mal/Sing.

PS: Casino Group is actually a majority shareholder in Big C.

iainiain101 Gold Member

iainiain101

Posted
Posted (edited)

How on earth does this come up as 'Latest News'????

Because Tesco along with several others bid for them today.

Ok possibly agreed the list of confirmed bidders is news, but the head line is not new news. Typical of poor headlines and reporting here.

see

Carrefour starts $1 bn sale of Asia units: Sources

Published on Mon, Jul 05, 2010 at 21:59 | Updated at Mon, Jul 05, 2010 at 22:07 | Source : Reuters

Before I get any grief, I clicked on the news item because it came up ..Latest news...Carrefour Getting Out Of SE Asia

Edited by iainiain101
Englander Advanced Member

Englander

Posted
Posted (edited)

I hope Tesco don't take them over. Got enough already. Need more competition.

I hope Tesco take them over and ditch the Lotus part of the company, if the Tesco stores in Thailand resembled the stores in England itd be a giant leap forward.

But surely there is a monopolies commission to stop this kind of takeover, is there not?

I never knew, i cant understand why theyre so f'en useless then .. is it huge import taxes on food products, lack of food producers in the area or just Thais like eating only a few different things.

As much as some like to slate Tesco, in the UK theyre a fantastic company, with an amazing choice at prices to suit all budgets and have changed the market completely over the last 15 years.

Tesco Lotus, Big C and Carrefour are so similar youd be forgiven for thinking theyre a cartel and have no interest in competition.

Edited by Englander
  • Like 1
sirchai Ruby Member

sirchai

Posted
Posted

I hope Tesco don't take them over. Got enough already. Need more competition.

hope Kloster will take them over. Got enough Tesco already.

timpane Rookie Member

timpane

Posted
Posted

Wonder what the genuine causes are for getting out of SE Asia? Shame to glimpse them depart as we decisively don't require Lotus to conquer the Carrefour stores. I favour Carrefour to Lotus due to a better/wider assortment of products.

chetumaire Rookie Member

chetumaire

Posted
Posted

LOL, of course Walmart wont enter the bidding. They're not stupid. They wont invest to have a warehouse size store that carries 6 brands of beer, 2 aisles of cooking oil, a rice aisle and not much else

Sounds like a Chinese Walmart... :whistling:

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