Big C Bags Kiwi Mart in Cambodia

• 28 May 2022
• Local News
• 2824 Views

Big C has acquired Kiwi Mart, a convenience store chain in Cambodia, via its Cambodian subsidiary to strengthen its retail business in the neighboring country, according to the Bangkok Post on 27 May 2022.

A big grocery and general merchandising retailer headquartered in Bangkok, Thailand, Big C reached the acquisition deal last week, but the value of the deal has not been disclosed.

Gary Hardy, an adviser of Big C Supercenter said, through this deal, Big C now owns 18 Kiwi Mart stores in Cambodia, 17 of which are in Phnom Penh, with the other branch located in Kampot province.

“Big C realized opportunities to expand our business via providing online and offline platforms to bring its products closer to consume in Cambodia,” he added.

Big C has run its business in Cambodia since 2019 and currently, it operates two branches in Cambodia — one branch of Big C Mini and one branch of Big C hypermarket.

Aswin Techachareonvikul, Chief Executive of Big C Supercenter, said it plans to continuously expand its branches in Cambodia to tap into the country’s consumers whose purchasing power keeps increasing.

In March, Big C’s parent company Berli Jucker unveiled its plans to invest 60 to 70 billion baht (over US$2,058 million) under a five-year business plan running from 2022 to 2026 with a doubling of sales to 270 billion baht (more than US$7299 million).

The firm will open 2,091 modern retail stores across Southeast Asia during this period, with 1,648 at present.

Within this plan, the expansion in Cambodia will be able to create job opportunities for up to 1,200 local people over the next few years.

• Business and Market