Central Retail Corporation aims to raise up to THB81.1bn (US$2.7bn) in an initial public offering (IPO) at THB40-48 per share. 3 years in the making Yol Phokasub, CEO of Central Retail Corp, said the company had been preparing for three years to list by restructuring to fit with regulations, strengthening its core business and creating a new platform. Central Retail Corp will include Robins...

Thailand has banned the use of plastic bags at major supermarket chains. The government aims to move towards a complete ban of plastic bags at all retailers from 2021. Increased public cooperation 75 department stores, convenience stores and other shops with more than 24,500 branches nationwide have agreed to stop giving plastic bags away for free. "Thailand was ranked sixth among the worl...

In a surprise development, Tesco has announced that it has put its businesses in Thailand and Malaysia into a strategic review, a move that could that result in their sale to another retailer or to private equity. Early stage of evaluation Tesco said in a statement that “following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malays...