ப்ரோக்ரெஸிவ் சில்லறை வைத்திருத்தல் ஸ்டன் ப்ட் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

PAHANG-based hypermarket operator TF Value-Mart (TF) is thriving despite the Covid-19 pandemic as it follows a simple formula: focus on second-tier cities and remain asset-light.
After reporting a near 9% year-on-year growth in revenue to RM1.48 billion last year, the profitable retailer expects to end 2020 with an even bigger jump in revenue of 15% to RM1.7 billion.
Remarkably, all of its stores have remained profitable this year and have been performing above expectations since the beginning of March.
Not surprising then that when Singapore-based private equity firm KV Asia Capital Pte Ltd said it was seeking a buyer for TF as it wanted to monetise its investment, the hypermarket operator’s top management jumped at the opportunity to take over the business. ....

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