DFI Retail Group has divested its Cold Storage and Giant supermarket chains in Singapore to Macro Value Group from Malaysia. Macro Value had previously acquired similar stores in Malaysia for RM125 million.
Cold Storage and Giant compete with local supermarket chains such as FairPrice (164 stores) and Sheng Siong (77 outlets). Following the sale, DFI plans to focus on its Guardian and 7-Eleven operations in Singapore, which currently include:
- Cold Storage: 48 stores + 2 distribution centres
- Giant: 41 stores
- 7-Eleven: 420 outlets
- Guardian: expanding network
- Sheng Siong: 77 outlets
- FairPrice: 164 outlets
DFI’s expatriate CEO cited rising rental costs in Singapore as a key factor in the decision. He also noted that the upcoming rail link to Johor Bahru may encourage Singaporeans to shop across the border, influencing retail strategies.
For businesses, this transaction highlights the importance of strategic portfolio management, operational efficiency, and cross-border market considerations.
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