The Central Retail Corporation (CRC) has invested around $836M in its ‘Next Sustainable Growth’ with a projected 15 per cent revenue growth.
The ‘Next Sustainable Growth’ strategy outlines four key pillars for Central Retail such as accelerating its growth in its core business: Fashion, Hardline, Food and Property; reinventing next-generation Omni Retail; building new growth pillars; and driving partnership, acquisition and spin-off.
From the investment, the company expects that it will generate a total revenue of $8.065bn.
“In 2022, Central Retail implemented the ‘CRC Retailligence’ strategy to our integral 5-year business plan, resulting in the successful business portfolio and exponential growth in Thailand, Vietnam, and Italy across all business groups: Food, Fashion, Hardline, Property, and Health & Wellness,” Yol Phokasub, CEO of Central Retail Corp., said.
“This has generated more than 20 per cent growth in total revenue, which exceeds our performance target for 2022,” Phokasub added.
