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Siam Makro looks to introduce warehouse club model


geovalin

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Siam Makro, the listed operator of Makro wholesale retail stores in Thailand, has established a joint venture with local Cambodian partners to bring the international brand of warehouse clubs, also known as cash-and-carries, to Cambodia.

 

The joint venture is 70 percent owned by Makro ROH Co Ltd, a wholly owned subsidiary Siam Makro, and 30 percent by Cambodian investors, with $2 million in initial registered capital, the company announced in a listing to the Stock Exchange of Thailand (SET) last week.

 

Makro stores sell low-cost bulk food and non-food products aimed primarily at supplying hotels, restaurants and convenience stores. The warehouse-style outlets operate similar to those of US wholesale retailer Costco, although its membership is more restricted.

 

read more http://www.phnompenhpost.com/business/makro-looks-introduce-warehouse-club-model

 
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-- © Copyright Phenom Pen Post 30/09
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