Thai retail and real estate major Central Group, which develops and operates department stores, hotels, restaurants and shopping centres in the country, is in talks with Bharti Retail to explore the possibility of an India foray. Central officials attending the ongoing India Shopping Centre Forum in Mumbai said the two sides are in early stages of discussions, but refrained from divulging any details.
The Central Group of Companies is a family-owned conglomerate holding company in Thailand that is involved in retailing, real estate, hotels and restaurants. Among its subsidiaries is Central Pattana, which is the largest developer and operator of shopping centres in Thailand and the Central Retail Corporation, Thailand’s biggest retail conglomerate. Its chief rival is The Mall Group, which owns Siam Paragon and The Emporium and several suburban shopping centres.
Central department stores are positioned as an upper-market chain. It has 12 stores in Bangkok and branches in Nonthaburi, Chiang Mai, Hat Yai, Pattaya and Phuket. It compares to such US retailers as Macy’s.
— Nupur Chakraborty