Free Subscription

  • Access 15 free news articles each month

Professional

Try one month for $4
  • Unlimited access to news,insights and opinions
  • Quarterly and weekly magazines
  • Independent research reports and forecasts
  • Quarterly webinars with industry experts
  • Q&A with retail leaders
  • Career advice
  • 10% discount on events

Thailand’s Central Group mulls spinning off retail arm in IPO

Thailand’s Central Group is considering a potential IPO of its retail assets, according to an anonymous leak.

The private details, provided by more than one informant to local Thai media, suggest that the potential listing could include Central-owned department store businesses. They also revealed that a possible share sale could raise more than US$1 billion.

The sale, if it goes ahead, will constitute Thailand’s largest first-time share sale since 2015.

Central’s department store group sales makes up roughly 40 per cent of its total revenue. The entire Central business involves the retail, property, restaurant and resort industries. It controls the largest mall developer in Thailand, and several major international retail investments—including Italian department store La Rinascente, Danish retailer Illum, and Vietnam’s Big C hypermarket chain.

The anonymous sources say that deliberations remain at an early stage, and no firm decisions have yet been made.

You have 7 free articles.

Masterclasses are for professionals only

Only $4 USD p/m for first 3 months
Become a Professional Already a professional? Login
  • Daily exclusive Members Only content straight to your inbox
  • Access to exclusive Retail Week events including all 4 Masterclasses 28 February - 3 March
  • Retail insights and intelligence
  • On-demand videos with industry professionals
  • Weekly careers advice specific to retailers
  • Independent research reports and forecasts
  • Q&A with industry experts
  • Content, content, content! Weekly and quarterly magazines