Central Retail has now taken full control of the FamilyMart Thailand business, a precursor to expanding the network in the country. Currently FamilyMart has just one thousand convenience stores, which are largely centred in the capital city of Bangkok, which equates to only a fraction of the fourteen thousand stores under CP All-owned rival 7-Eleven.
“The acquisition of all the shares of FamilyMart is in line with Central Retail’s strategy to strengthen our Central Retail & Service Platform, reaffirming our leading position in retail business, as well as to increase our potential in offering full-scale services through customer-centric omnichannels,” said Central Retail CEO Yol Phokasub.
“Over the past eight years of operating FamilyMart convenience stores, CRC has always been committed to improving the business model and expanding stores to offer convenience to consumers through products and services, with unique selling points to meet the needs of consumers in all areas. It has become a lifestyle & food destination with ready-to-eat meals, beverages, Arigato fresh coffee and open spaces for everyone to come mix and mingle 24 hours a day,” Phokasub concluded.
