7-Eleven Malaysia, majority-owned subsidiary of Berjaya Group, will buy another 25.35% of Caring Pharmacy, taking its total stake to 38.57%. Improving the group’s performance Berjaya Group’s founder, Tan Sri Vincent Tan, is a major shareholder of 7-Eleven Malaysia and has shares in Caring Pharmacy Group. 7-Eleven wants to increase its stake in Caring Pharmacy to over 50% but will maintain i...

The convenience retailer’s net profit grew 1.3% to MYR17m (US$4.1m) in the third quarter of 2019. Higher revenue and marketing income 7-Eleven’s revenue for the quarter gained 4.5% to MYR594.2m (US$142m) compared to the same period a year ago. This is driven by the addition of new stores, higher shopper counts and better promotional activity. Revenue from the food service segment grew more ...

GCH Retail (Malaysia) Sdn Bhd, which operates Mercato, Giant hypermarkets and supermarkets, Jasons Food Hall and Cold Storage, has opened a new Mercato in Penang. Third Mercato in Malaysia The retailer has included 2,000 new products, including high-end grocery products and fresh ingredients at the new Mercato in Penang. It focuses on niche and international ranges with fresh imports like f...