Retail giant Central Group is buying Zalora’s businesses in Thailand and Vietnam

[webfact]

Retail giant Central Group is buying Zalora’s businesses in Thailand and Vietnam
by Jon Russell

BANGKOK: -- Zalora, the fashion-focused e-commerce site backed by Rocket Internet, is selling its businesses in Thailand and Vietnam to retailer Central Group, according to multiple sources close to the deal.

We reported the planned sale earlier this month and have since confirmed that Bangkok-headquartered Central Group is the buyer. The deal is said to be agreed in principle and currently subject to paperwork and red tape.

A Zalora spokesperson declined to comment. Central Group did not respond to multiple requests for comment.

Full story: http://techcrunch.com/2016/04/25/retail-giant-central-group-is-buying-zaloras-businesses-in-thailand-and-vietnam/

-- TC 2016-04-25