CRC Takes 100% Stake in Central FamilyMart to Fully Run the Franchise

Central Retail Corporation Public Company Limited (CRC) announced on May 27, 2020, Central Food Retail Co., Ltd., a wholly owned subsidiary of CRC, has entered into an agreement to acquire all shares of Central FamilyMart Co., Ltd. (CFM) which is in the businesses of convenience stores in Thailand totally 5,757,500 shares, equivalent to 49%, from FamilyMart Co., Ltd. (JFM), a Japanese joint venture who has policy to divest its investment in Thailand.

 

The acquisition of all CFM shares gives CRC authority to manage the FamilyMart franchise completely and leverage on its innovation to meet the needs of consumers in order to expand its business opportunities.

 

After the acquisition, SFM Holding Co., Ltd., a wholly owned subsidiary of CRC, will remain its hold of 50.65%, Central Food Retail Co., Ltd. will hold 49.00% and Robinson Public Company Limited holds 0.35%.