All Cold Storage and Giant supermarket outlets in Singapore will be sold to Malaysian retail group Macrovalue for an initial price of $125 million. This comes after DFI’s supermarket operations here became profitable in 2024 following several years of losses. DFI said in March that it expects its supermarket revenue in Singapore to remain stable at best due to heavy competition in the industry. Andrea Heng and Hairianto Diman chat with Associate Prof Lau Kong Cheen, Head of Marketing Programme at the School of Business, SUSS. They look at the timing of this takeover and what lies ahead for the supermarkets.

All Cold Storage and Giant supermarket outlets in Singapore will be sold to Malaysian retail group Macrovalue for an initial price of $125 million. This comes after DFI&rsquo;s supermarket operations here became profitable in 2024 following several years of losses. DFI said in March that it expects its supermarket revenue in Singapore to remain stable at best due to heavy competition in the industry. Andrea Heng and Hairianto Diman chat with Associate Prof Lau Kong Cheen, Head of Marketing Programme at the School of Business, SUSS. They look at the timing of this takeover and what lies ahead for the supermarkets.

The best interviews from CNA938 on Singapore news, current affairs, health, entertainment and money.

The best interviews from CNA938 on Singapore news, current affairs, health, entertainment and money.

CNA938 Rewind

The best interviews from CNA938 on Singapore news, business updates, entertainment and food.

The best interviews from CNA938 on Singapore news, business updates, entertainment and food.