Source: Tuur Tisseghem (Pexels)
Central Retail invests US$836m to drive sustainable growth
The company expects a US$8.065b (THB270b) revenue growth.
The Central Retail Corporation (CRC) has invested a total of THB28b (approximately US$836m) in its “Next Sustainable Growth” with a projected 15% revenue growth.
The company expects that it will generate total revenue of THB 270b (US$8.065b).
“In 2022, Central Retail implemented the ‘CRC Retailligence’ strategy to our integral 5-year business plan, resulting in the successful business portfolio and exponential growth in Thailand, Vietnam, and Italy across all business groups: Food, Fashion, Hardline, Property, and Health & Wellness,” Yol Phokasub, CEO of Central Retail Corp., said.
Read more: Central Retail profit soars over 150% in Q3
“This has generated more than 20% growth in total revenue, which exceeds our performance target for 2022.”
The Next Sustainable Growth strategy outlined four main strategies, such as accelerating its growth in its core business: Fashion, Hardline, Food, and Property; reinventing next-generation Omni Retail; building new growth pillars; and driving partnership, acquisition, and spin-off.
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