Thailand’s Central Group acquires British retailer Selfridges

Central made the purchase in partnership with Signa Holding of Austria for a reported price of $4.76 billion

Thailand remains in pole position for the highest funds raised across Southeast Asia

Taking the top two spots on the region’s leaderboard this year are Thailand’s Central Retail Corporation Public Company Limited and SCG Packaging Public Company Limited with US$1.77 billion and US$ 1.27 billion funds raised respectively

Real Estate Splurge in Phuket shows no sign of cooling down

Property companies are expanding their investment to develop more than Bt50-billion worth of residential and commercial projects in Phuket this year and next, on the back of strong demand from both Thais and foreigners.

Central to get $67.5mln compensation from 2010 riots

Thailand’s Civil Court today ordered Deves Insurance to pay nearly Bt2 billion to the Zen Department Store owned by the Central Group for the severe damage sustained by its Ratchaprasong complex during Bangkok’s political upheaval in 201

Thailand’s Central Group expands in Singapore

Thailand’s Central Group has made its maiden foray into Singapore’s already bustling retail scene, setting up two Manchester United merchandise shops. This could be the start of more inroads into the local retail industry by the group, explained Central Group executive director Pichai Chirathivat. He told The Straits Times: ‘We would like to bring in our own house brands. We would like to be careful first, maybe open one or two brands first.

Bangkok’s Retail Miracle, from mom-and-pop to mega-malls

With an official population of just under 10 million and a growing middle class, Bangkok boasts a remarkably dynamic retail property market. It’s gone from mom-and-pop to mega-malls in just a few decades, but zoning and catering to consumers will determine the next step

Lombard Investments banks $170M stake in Central Pattana

Lombard Investments announces his final exit of its investment in Central Pattana PCL, Thailands leading shopping mall developer, earning a return of 7.1 times its $24 million investment, for a total return of $170 million.

Central Group allocates special budget for Carrefour acquisition

Central Group yesterday reaffirmed its interest in participating in the bid for Carrefour’s local operations against rivals like Casino (owner of Big C Supercentre) and Berli Jucker (BJC). Carrefour operates about 43 hypermarkets in Thailand but plans to discontinue its operations here and elsewhere in the region.