Berli Jucker Archives - Page 2 of 2 - Inside Retail Asia

Berli Jucker’s Vietnam Metro deal stalls

Thai company Berli Jucker’s plan to buy German Metro Group’s Vietnam unit has stalled after shareholders voted down the necessary resolution at an extraordinary meeting. BJ’s shareholders unanimously rejected the plan to spend  €655-million (25 billion baht), fearing the company would face high financial and litigation risks due to additional conditions relating to the settlement of the deal. Last August, BJ reached an agreement with the German business to buy its Vietnamese opera…

Berli Jucker turns online

Thai retail giant Berli Jucker is expanding into the online market. The company plans to invest up to 100 million baht ($3.1 million) to build an e-commerce platform, which it hopes to launch this year. It says it will offer consumer products and books. BJC has also collaborated with My Biz International Co to commence a direct selling business. Sanchai Thiewprasertkul, senior VP for consumer products, says: “Direct sales are considered a suitable way to promote skincare products, as sa…

Berli Jucker plans Vietnamese expansion

Thai company Berli Jucker will roll out more B’s Mart convenience stores across Vietnam. The plan will see 205 new B’s Mart convenience stores added over the next four years to its existing 95 in Vietnam. It is investing 1 billion baht ($31.09 million) to fund the plan. The B’s Mart convenience stores complement the 19 Metro wholesale stores in Vietnam, which it bought for 655 million euros ($876 million) last month. B’s Mart is countering a rapid expansion program in Vietnam by riva…

Berli Jucker to revamp Metro

Berli Jucker says it will bring a whole new image to the Metro hypermarkets business it has just bought in Vietnam. The Thai company has paid €655 million ($879 million) for the 19 wholesale stores in Vietnam owned by Europe’s Metro and plans to integrate the business with its existing 95-strong convenience store operation in Vietnam branded B’s Mart. BJC believes the acquisition is a landmark transaction that will deliver immediate scale to the company in a high growth region of the Sou…

Metro to offload Vietnam business

German retailer Metro plans to sell its wholesale business in Vietnam. Reports link Thai company Berli Jucker as the leading contender to buy the 19 wholesale stores in Vietnam for $500 million with talks already advanced. The sale is part of Metro’s overhaul of its sprawling businesses to improve profitability. Thai import and export company Berli Jucker has already presence in Vietnam as it owns 65 per cent of Thai An, which operates B’s Mart convenience stores in Ho Chi Minh City.

Breaking down the fortress

Vietnam’s still fledgling organised retail market has just one more year’s regulatory protection before the walls come down. Foreign retailers have only been allowed to open stores in the developing nation of 90 million people since 2009 and the early entrants have pretty much coloured their accounts with red ink since. But in 2015 Vietnam will have to accede to its World Trade Organization’s obligation to permit the opening of wholly foreign-owned retail businesses, including retailers. A…

Berli Jucker eyes regional expansion

Thai company to open B’s Mart convenience stores in Laos and Cambodia.

BJC expanding retail business

Thai company plans to open convenience stores.

Berli Jucker opens convenience stores

Thai import and export company sets up own convenience chain after failing to win Carrefour and FamilyMart rights.

Thais plan supermarket chain in Vietnam

Thai import and export firm plans to open supermarkets in Vietnam.