12 August 2019
The Weekly
Thailand

Central Group will list its Central Retail Corporation unit, combining retail businesses in Thailand, Vietnam and Italy. The listing is scheduled to take place before the end of this year and the company expects it will raise between $1bn and $2bn. Central operates almost 2000 stores in Thailand. It runs 134 outlets in Vietnam under a variety of banners, and nine in Italy, trading as Rinascente. The move follows the group’s acquisition of Zalora Thailand, as well as a joint venture with Chinese e-tailer JD and an investment in ride-hailing business Grab. Central will also delist its Robinson Pcl subsidiary with a tender offer.

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