Hypermarket giant to try its luck in Cambodia
Hypermarket giant to try its luck in Cambodia
Giant, one of the biggest players of the retail industry in Malaysia, will open its first Cambodian outlet in Phnom Penh’s City Mall and is planning a second outlet in the Parkson shopping mall currently under construction, according to a source involved in the project.
The hypermarket chain, which operates over 145 stores in Malaysia and has a presence in six other countries, will establish its City Mall store in the space formerly occupied by Lucky Supermarket.
However, the new outlet, expected to be one of the chain’s smaller supermarkets, should not be seen as a competitor to the Lucky chain, the source said.
“Giant and Lucky Supermarket are in fact partners,” the source said. “Both of them will operate hand-in-hand to serve their target clients as they are both under the same company.”
Giant is a wholly owned subsidiary of pan-Asian retailer Dairy Farm International Holdings Ltd (DFI), which also holds a 70 per cent stake in Lucky Supermarket’s parent company, DFI Lucky Private Ltd.
“With the presence of Giant in Cambodia, there will be more variety of products available,” the source said.
Representatives of DFI Lucky and Dairy Farm International did not respond to interview requests yesterday.
