webfact Posted February 8, 2016 Share Posted February 8, 2016 TCC Group to take over Big C operations in Thailand and VietnamBANGKOK: -- Big C Thailand confirmed on Monday that the TCC Group has taken over 58.56 percent of the hyper market operations in Thailand and Vietnam in a US$3.4 billion (121 billion baht) deal with France’s Casino Group.Ms Rampa Kamhomchuen, chief financial officer and vice president for accounting of Big C Super Centre Plc, said Monday that Geant International BV, the major shareholder of Big C, entered into a deal to sell 484 million of its shares to TCC Group at 252.88 baht per share.She said she expected an announcement about the deal to be made before the opening of the stock market. She added that the deal was expected to be completed within March 31. After the conclusion of the share sale deal, the TCC Group will be required to make a tender offer for Big C shares.Big C is Thailand’s second largest hypermarket operator after Tesco Lotus.Source: http://englishnews.thaipbs.or.th/content/150100 -- Thai PBS 2016-02-09 Link to comment Share on other sites More sharing options...
RIJoe Posted February 8, 2016 Share Posted February 8, 2016 It will be interesting to compare today's prices at Big C with prices 6 months after completion of the deal. Link to comment Share on other sites More sharing options...
selftaopath Posted February 8, 2016 Share Posted February 8, 2016 It will be interesting to compare today's prices at Big C with prices 6 months after completion of the deal. Any predictions? Link to comment Share on other sites More sharing options...
Briggsy Posted February 8, 2016 Share Posted February 8, 2016 This is the Beer Chang/Thai Beverage (and numerous other enterprises) group. Link to comment Share on other sites More sharing options...
ezzra Posted February 8, 2016 Share Posted February 8, 2016 It will be interesting to compare today's prices at Big C with prices 6 months after completion of the deal. Not so much the price as the variety and diversity of the non thai products on sale..... Big C is not Villa when it comes to keep foreign products, but they have reasonable selections of European products.... but with 100% Thai ownership, who knows..... Link to comment Share on other sites More sharing options...
ratcatcher Posted February 9, 2016 Share Posted February 9, 2016 This is the Beer Chang/Thai Beverage (and numerous other enterprises) group. And here they all are, http://www.tccholding.com/index.php?controller=history Link to comment Share on other sites More sharing options...
zakk9 Posted February 9, 2016 Share Posted February 9, 2016 It will be interesting to compare today's prices at Big C with prices 6 months after completion of the deal. Not so much the price as the variety and diversity of the non thai products on sale..... Big C is not Villa when it comes to keep foreign products, but they have reasonable selections of European products.... but with 100% Thai ownership, who knows..... Hopefully, they make an agreement with Casino Group to have access to the excellent and reasonably priced Casino branded food. The savings versus other European food is considerable. As for Villa, they are so expensive that it's a joke. Many products are sold at prices that are 20-50% higher than at places like Big-C and even Foodland. Link to comment Share on other sites More sharing options...
BuaBS Posted February 9, 2016 Share Posted February 9, 2016 This is the Beer Chang/Thai Beverage (and numerous other enterprises) group. And here they all are, http://www.tccholding.com/index.php?controller=history Looks like a typical THAI family to me . Link to comment Share on other sites More sharing options...
ratcatcher Posted February 9, 2016 Share Posted February 9, 2016 This is the Beer Chang/Thai Beverage (and numerous other enterprises) group. And here they all are, http://www.tccholding.com/index.php?controller=history Looks like a typical THAI family to me . Yes indeed, absolutely typical average Thai happy family. Link to comment Share on other sites More sharing options...
JAG Posted February 9, 2016 Share Posted February 9, 2016 It will be interesting to compare today's prices at Big C with prices 6 months after completion of the deal. Not so much the price as the variety and diversity of the non thai products on sale..... Big C is not Villa when it comes to keep foreign products, but they have reasonable selections of European products.... but with 100% Thai ownership, who knows..... If they are a business, and if sufficient customers want to buy foreign products, to make stocking them profitable, then no doubt they will continue to sell them. Link to comment Share on other sites More sharing options...
keemapoot Posted February 9, 2016 Share Posted February 9, 2016 It will be interesting to compare today's prices at Big C with prices 6 months after completion of the deal. Not so much the price as the variety and diversity of the non thai products on sale..... Big C is not Villa when it comes to keep foreign products, but they have reasonable selections of European products.... but with 100% Thai ownership, who knows..... If they are a business, and if sufficient customers want to buy foreign products, to make stocking them profitable, then no doubt they will continue to sell them. It depends on if the Casino supply chains are still available to them at workable prices after the acquisition. No way to know that now, but I am not optimistic. For example, there is a vacuum-packed coffee I love to buy at some Big C Extra stores. Not all stock it. It is Casino brand that they source in S. America. I will be buying up all I can find now. Link to comment Share on other sites More sharing options...
zakk9 Posted February 9, 2016 Share Posted February 9, 2016 It will be interesting to compare today's prices at Big C with prices 6 months after completion of the deal. Not so much the price as the variety and diversity of the non thai products on sale..... Big C is not Villa when it comes to keep foreign products, but they have reasonable selections of European products.... but with 100% Thai ownership, who knows..... If they are a business, and if sufficient customers want to buy foreign products, to make stocking them profitable, then no doubt they will continue to sell them. I'm not sure if Thai businesses follow our western way of thinking in this area. Sometimes, I get the impression that having 23 shelf kilometres of cooking oil, and the another 35 kilometres of fish sauce, is more important than a diversified selection of food. Link to comment Share on other sites More sharing options...
muffy Posted February 9, 2016 Share Posted February 9, 2016 Villa is not a joke , they cater to people like me , I want quality and I get it at Villa . Thai French beef offers the best meat selection in Thailand . I tried them all , no more steaks that chew like leather . Is it more expensive , not sure , but I find what I want there . Link to comment Share on other sites More sharing options...
Briggsy Posted February 9, 2016 Share Posted February 9, 2016 Thailand, slowly, bit by bit, dismantling the IMF reforms. Whilst overly simplistic, it can be said economies follow a 30-year cycle of forgetfulness = repeating the same mistakes made 30 years before. Link to comment Share on other sites More sharing options...
Saan Posted February 9, 2016 Share Posted February 9, 2016 This is the Beer Chang/Thai Beverage (and numerous other enterprises) group. And here they all are, http://www.tccholding.com/index.php?controller=history Looks like a typical THAI family to me . Yes indeed, absolutely typical average Thai happy family. I wonder what the sin sod would be for one of those daughters? Link to comment Share on other sites More sharing options...
canopus1969 Posted February 9, 2016 Share Posted February 9, 2016 What will happen to Makro ? Link to comment Share on other sites More sharing options...
lvr181 Posted February 9, 2016 Share Posted February 9, 2016 List some prices now and compare later, I am not currently there to do it. Do not list fruit and vegetables because they are subject to fluctuations of weather. Link to comment Share on other sites More sharing options...
zakk9 Posted February 9, 2016 Share Posted February 9, 2016 What will happen to Makro ? Makro is owned by CP ALL (bought from SHV Holdings in 2013). Has nothing to do with Big-C. Link to comment Share on other sites More sharing options...
RIJoe Posted February 9, 2016 Share Posted February 9, 2016 Lvr181, you can do it for yourself, just download an on-line Big C sales brochure and save it for comparison later. (Yes, it lists sales prices, but they usually include the regular price.) Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted February 9, 2016 Share Posted February 9, 2016 Villa is not a joke , they cater to people like me , I want quality and I get it at Villa . Thai French beef offers the best meat selection in Thailand . I tried them all , no more steaks that chew like leather . Is it more expensive , not sure , but I find what I want there . I find quality and selection of products vary a lot across the different Villa outlets. As for beef, then you have obviously never been to Central Chitlom. Link to comment Share on other sites More sharing options...
TheCruncher Posted February 9, 2016 Share Posted February 9, 2016 It will be interesting to compare today's prices at Big C with prices 6 months after completion of the deal. Not so much the price as the variety and diversity of the non thai products on sale..... Big C is not Villa when it comes to keep foreign products, but they have reasonable selections of European products.... but with 100% Thai ownership, who knows..... Hopefully, they make an agreement with Casino Group to have access to the excellent and reasonably priced Casino branded food. The savings versus other European food is considerable. As for Villa, they are so expensive that it's a joke. Many products are sold at prices that are 20-50% higher than at places like Big-C and even Foodland. I doubt that as Today I noticed that almost all Casino products had been removed from the shelves already at Big C extra Pattaya. Link to comment Share on other sites More sharing options...
zakk9 Posted February 9, 2016 Share Posted February 9, 2016 It will be interesting to compare today's prices at Big C with prices 6 months after completion of the deal. Not so much the price as the variety and diversity of the non thai products on sale..... Big C is not Villa when it comes to keep foreign products, but they have reasonable selections of European products.... but with 100% Thai ownership, who knows..... Hopefully, they make an agreement with Casino Group to have access to the excellent and reasonably priced Casino branded food. The savings versus other European food is considerable. As for Villa, they are so expensive that it's a joke. Many products are sold at prices that are 20-50% higher than at places like Big-C and even Foodland. I doubt that as Today I noticed that almost all Casino products had been removed from the shelves already at Big C extra Pattaya. Oh bugger. It was good while it lasted though. Maybe I should check if there's anything left here in Bangkok then. Link to comment Share on other sites More sharing options...
KittenKong Posted February 9, 2016 Share Posted February 9, 2016 I stopped using Tesco because of the pathetic selection of imported goods. BigC (at least the one I go to in central Pattaya) has a lot of imported items (mostly French) of reasonable quality at slightly less than eye-watering prices. It also has a French baker and an English butcher. If the new owners get rid of any of that it will be very bad news as far as I'm concerned. Link to comment Share on other sites More sharing options...
KittenKong Posted February 9, 2016 Share Posted February 9, 2016 I doubt that as Today I noticed that almost all Casino products had been removed from the shelves already at Big C extra Pattaya. I was there today and all seemed normal to me. Link to comment Share on other sites More sharing options...
TheCruncher Posted February 9, 2016 Share Posted February 9, 2016 I doubt that as Today I noticed that almost all Casino products had been removed from the shelves already at Big C extra Pattaya. I was there today and all seemed normal to me. Most of the Casino products in the refrigerators have been removed for about 6 months already. Casino also had a large selection of pastas, pasta sauces and dry products like mashed potato. All these products are located on 1 long shelf, and was almost fully stocked on Friday. Today all the products mentioned above had their place taken by brand name products. Link to comment Share on other sites More sharing options...
muffy Posted February 9, 2016 Share Posted February 9, 2016 Yes central Chitlom has very good steaks too . As does the gourmet markets . I prefer villa . Link to comment Share on other sites More sharing options...
zakk9 Posted February 10, 2016 Share Posted February 10, 2016 I doubt that as Today I noticed that almost all Casino products had been removed from the shelves already at Big C extra Pattaya. I was there today and all seemed normal to me. Most of the Casino products in the refrigerators have been removed for about 6 months already. Casino also had a large selection of pastas, pasta sauces and dry products like mashed potato. All these products are located on 1 long shelf, and was almost fully stocked on Friday. Today all the products mentioned above had their place taken by brand name products. I suppose TCC Group won't care much about foreign customers. It's the Thai customers that make their profit, and catering for a relatively, at least in their eyes, small customer group may be seen as more of a hassle than a business potential. I hope I'm wrong, but I fear that Big-C will be looking more like Lotus Tesco in the future. Link to comment Share on other sites More sharing options...
madmitch Posted February 10, 2016 Share Posted February 10, 2016 I doubt that as Today I noticed that almost all Casino products had been removed from the shelves already at Big C extra Pattaya. I was there today and all seemed normal to me. Most of the Casino products in the refrigerators have been removed for about 6 months already. Casino also had a large selection of pastas, pasta sauces and dry products like mashed potato. All these products are located on 1 long shelf, and was almost fully stocked on Friday. Today all the products mentioned above had their place taken by brand name products. As the deal isn't expected to be finalised until March 31st I don't see this would have anything to do with the new ownership. Link to comment Share on other sites More sharing options...
i claudius Posted February 10, 2016 Share Posted February 10, 2016 Villa is not a joke , they cater to people like me , I want quality and I get it at Villa . Thai French beef offers the best meat selection in Thailand . I tried them all , no more steaks that chew like leather . Is it more expensive , not sure , but I find what I want there . Me too ,when i go there about once every 3 months or so , Link to comment Share on other sites More sharing options...
zakk9 Posted February 10, 2016 Share Posted February 10, 2016 I doubt that as Today I noticed that almost all Casino products had been removed from the shelves already at Big C extra Pattaya. I was there today and all seemed normal to me. Most of the Casino products in the refrigerators have been removed for about 6 months already. Casino also had a large selection of pastas, pasta sauces and dry products like mashed potato. All these products are located on 1 long shelf, and was almost fully stocked on Friday. Today all the products mentioned above had their place taken by brand name products. As the deal isn't expected to be finalised until March 31st I don't see this would have anything to do with the new ownership. Casino Group won't ship in tons of their products knowing that they will go into the deal with TCC Group anyway. It's cheaper for them in this situation to buy alternative foreign products as they need them from local distributors. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now