Analysis: Synergies begin to show after merger of SEA hypermarkets
Inside Retail
SEPTEMBER 19, 2022
Soon after Britain’s Tesco abandoned its retail business in Thailand and Malaysia in early 2021, its buyer, Thailand’s Charoen Pokphand Group, merged it with its Siam Makro wholesale arm. The retail and wholesale businesses accounted for a roughly even split of the company’s 219.6 billion baht ($9.4 Harnessing the synergies.
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