Page 159 - அலிபாபா குழு வைத்திருத்தல் லிமிடெட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Locals step up M&A retail strategy with foreign players 14:00 | 21/05/2021 E-mart will sell its Vietnamese business to THACO South Korea s largest supermarket chain E-mart is selling its retail store business in Vietnam to THACO Group after hitting road bumps to expand in the market. Accordingly, the local business will be converted to a franchise model managed by THACO, which will pay royalty fees to E-mart. Since its debut in Vietnam in 2015, E-mart planned to open 10 hypermarkets within five years. At present, the retailer has only one hypermarket in Go Vap district of Ho Chi Minh City. The retailer failed to realise its expansion plans due to challenges in securing liscenses and development sites.

Ho chi minh cityH chíinhRepublic ofBinh duongQu ng namHan iSouth koreaCholla namdoSouth koreanLanglet olivier bernardPham ngoc thuanEuromonitor internationalSk groupMasan groupCentral groupConsumer holding