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Macrovalue's retail business is not impacted by tariff overhang, says CEO
Macrovalue's retail business is not impacted by tariff overhang, says CEO. Posted: April 17, 2025 | Last updated: April 17, 2025. Andrew Lim, co-owner and deputy chairman of Malaysian retail group ...
The Edge Singapore16d
Ownership change at rival chains have no bearing on Sheng Siong’s margin and network expansion path
Macrovalue’s $125 million acquisition of the Cold Storage and Giant supermarket chains from DFI Retail Grouphas turned the spotlight on this industry of consumer staples. Despite potentially stiffer ...
Business Times3mon
Malaysia’s Macrovalue is buying Cold Storage and Giant: Who are its owners and what’s the game plan? - The Business Times - 商业时报
In 2023, Macrovalue acquired Malaysia-based GCH Retail Group, the operator of Cold Storage, Giant and Mercato in the country. After taking over Giant in Malaysia, Macrovalue refreshed the concept to ...
Channel NewsAsia Singapore3mon
Why did this Malaysian supermarket mogul buy Singapore’s Cold Storage, Giant stores? Climate is key factor - CNA
Macrovalue co-founder Andrew Lim, who has been lurking in the shadows of Malaysia’s retail sector, has turned into a serious player in the brutal low-margin supermarket business with a cross ...
Free Malaysia Today3mon
Macrovalue to buy all Cold Storage, Giant outlets in S’pore for S$125mil | FMT - Free Malaysia Today (FMT)
PETALING JAYA: Malaysian retail group Macrovalue is buying up all Cold Storage and Giant supermarket outlets in Singapore for an initial price of S$125 million (RM414.47 million).
The Star3mon
Singapore Cold Storage, Giant customers can expect cheaper products, more variety after takeover, Malaysian buyer says - The Star
Macrovalue was set up in 2022 by Lim and Datuk Gary Yap Keng Fatt, both of whom are veterans in the retail industry. Lim is also group deputy chairman of Sogo Department Store in Kuala Lumpur, ...
The Straits Times3mon
New Cold Storage, Giant owners say $125m price tag fully reflects value of the business - The Straits Times
Macrovalue owns two Cold Storage and 38 Giant outlets in Malaysia, as well as 11 upscale Mercato supermarket outlets. On top of expanding the number of outlets and range of products in ...
Business Times3mon
Cold Storage, Giant sold to Malaysian group Macrovalue for S$125 million - The Business Times - 商业时报
Macrovalue pointed out that the retention of Lim Boon Cheong, DFI Retail Group’s managing director for Singapore food, is crucial for the growth strategy. He has played a pivotal role in shaping Cold ...
MarketWatch3mon
DFI Retail's Shares Climb After Selling Singapore Food Business
Its Singapore food business includes supermarkets such as Cold Storage, CS Fresh, Jason's Deli and Giant Brands, DFI Retail said Monday. Shares rose as much as 6.2% to US$2.39, before paring gains ...
Vulcan Post3mon
All Giant & Cold Storage outlets in S'pore to be sold to M'sian group - Vulcan Post
Macrovalue already owns the Cold Storage and Giant operations in Malaysia, having bought over Malaysia-based GCH Retail Group in 2023, which operated the brands there previously. By extending its ...
The Straits Times3mon
Cold Storage, Giant customers can expect cheaper products, more variety after takeover, buyer says - The Straits Times
Macrovalue was set up in 2022 by Mr Lim and Datuk Gary Yap Keng Fatt, both of whom are veterans in the retail industry. Mr Lim is also group deputy chairman of Sogo Department Store in Kuala ...