AEON exits Thailand s supermarket business focuses on Vietnam
According to Nikkei AEON will sell its supermarket business in Thailand to Central Group as the Japanese retailer shifts its focus towards other key markets such as Vietnam
AEON, the Japanese retail group, is exiting Thailand's supermarket business and shifting its focus to Vietnam. The transfer of all shares in AEON Thailand to Central Food Retail, which operates the Tops supermarket chain and convenience stores, is set to be completed on September 30. Despite leaving the supermarket sector, AEON plans to maintain its operations in other areas, such as pharmacy chains, entertainment facilities, and financial services.
The company entered the Thai market in 1984 and currently operates 30 supermarkets under the MaxValu and MaxValu Tanjai brands. With around 1,300 employees remaining in Thailand, AEON aims to streamline its capital efficiency and profitability while expanding growth in key markets like Vietnam, Malaysia, Cambodia, and Indonesia.
Written by urgent.news from Vietnam Investment Review's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
