astral Posted September 2, 2010 Share Posted September 2, 2010 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 Link to comment Share on other sites More sharing options...
MESmith Posted September 2, 2010 Share Posted September 2, 2010 I hope Tesco don't take them over. Got enough already. Need more competition. Link to comment Share on other sites More sharing options...
powderpuff Posted September 2, 2010 Share Posted September 2, 2010 Already been discussed on here. Link to comment Share on other sites More sharing options...
wandrinstar Posted September 2, 2010 Share Posted September 2, 2010 Tesco dropped out some time ago,regarding everyday running,that's why its going down hill. Link to comment Share on other sites More sharing options...
gotlost Posted September 2, 2010 Share Posted September 2, 2010 Hope its Aeon. Tesco is becoming a monopoly Link to comment Share on other sites More sharing options...
Englander Posted September 2, 2010 Share Posted September 2, 2010 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? 1 Link to comment Share on other sites More sharing options...
asiawatcher Posted September 2, 2010 Share Posted September 2, 2010 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. Link to comment Share on other sites More sharing options...
basjke Posted September 2, 2010 Share Posted September 2, 2010 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. Link to comment Share on other sites More sharing options...
chantorn Posted September 2, 2010 Share Posted September 2, 2010 Maybe Family Mart might want to have a go? http://www.familymart.co.th/ Link to comment Share on other sites More sharing options...
lazygourmet Posted September 2, 2010 Share Posted September 2, 2010 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. Link to comment Share on other sites More sharing options...
Pib Posted September 2, 2010 Share Posted September 2, 2010 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. Link to comment Share on other sites More sharing options...
iainiain101 Posted September 2, 2010 Share Posted September 2, 2010 How on earth does this come up as 'Latest News'???? Link to comment Share on other sites More sharing options...
Englander Posted September 2, 2010 Share Posted September 2, 2010 How on earth does this come up as 'Latest News'???? Because Tesco along with several others bid for them today. Link to comment Share on other sites More sharing options...
basjke Posted September 2, 2010 Share Posted September 2, 2010 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 Link to comment Share on other sites More sharing options...
snakestick Posted September 2, 2010 Share Posted September 2, 2010 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 Link to comment Share on other sites More sharing options...
wandrinstar Posted September 2, 2010 Share Posted September 2, 2010 The Lotus in Uttaradit is bloody useless,cant find anything Mom n Pop dont have food wise. Link to comment Share on other sites More sharing options...
chantorn Posted September 2, 2010 Share Posted September 2, 2010 Remember this? The Asian management rejecting the rumor when it was started. Don't know the guy intentionally lied to the press or he was forced. http://www.topnews.com.sg/content/22810-carrefour-denies-selling-its-malaysia-singapore-or-thailand-stores Carrefour Denies Selling its Malaysia, Singapore, or Thailand Stores Submitted by Jaideep Kumar on 2010, July 7 Link to comment Share on other sites More sharing options...
MESmith Posted September 2, 2010 Share Posted September 2, 2010 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. Link to comment Share on other sites More sharing options...
jackr Posted September 2, 2010 Share Posted September 2, 2010 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. Link to comment Share on other sites More sharing options...
Portlandstone Posted September 2, 2010 Share Posted September 2, 2010 @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. 1 Link to comment Share on other sites More sharing options...
PatLogan Posted September 2, 2010 Share Posted September 2, 2010 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 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. Link to comment Share on other sites More sharing options...
givenall Posted September 2, 2010 Share Posted September 2, 2010 Walmart could not care less for market in Asia except China Link to comment Share on other sites More sharing options...
iainiain101 Posted September 2, 2010 Share Posted September 2, 2010 (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 September 2, 2010 by iainiain101 Link to comment Share on other sites More sharing options...
Englander Posted September 2, 2010 Share Posted September 2, 2010 (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 September 2, 2010 by Englander 1 Link to comment Share on other sites More sharing options...
wasabi Posted September 2, 2010 Share Posted September 2, 2010 (edited) They are leaving because no Thai person can pronounce Carrefour. Edited September 2, 2010 by wasabi Link to comment Share on other sites More sharing options...
sirchai Posted September 2, 2010 Share Posted September 2, 2010 I hope Tesco don't take them over. Got enough already. Need more competition. hope Kloster will take them over. Got enough Tesco already. Link to comment Share on other sites More sharing options...
Throatwobbler Posted September 2, 2010 Share Posted September 2, 2010 Does anyone know the date when they are leaving? Want to cash in my points before then. Also hopeful they may have a big sale to get rid of stock. Wouldn't want to miss that. Link to comment Share on other sites More sharing options...
timpane Posted September 2, 2010 Share Posted September 2, 2010 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. Link to comment Share on other sites More sharing options...
Colabamumbai Posted September 2, 2010 Share Posted September 2, 2010 Maybe Family Mart might want to have a go? http://www.familymart.co.th/ I was thinking of a new line of stores called 24/7 to compete both with 7/11 and the larger stores. Link to comment Share on other sites More sharing options...
chetumaire Posted September 2, 2010 Share Posted September 2, 2010 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... Link to comment Share on other sites More sharing options...
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