Hints and tips:
...Signa declined to comment on what Central Group’s takeover means for Signa’s future, or the other retail businesses it co-owns with the Thai company....
...The CRT said it had not seen cases of crops being abandoned in its register, which growers for tequila are required to update....
...Meanwhile, Thai conglomerate Central Group, which controls rival Selfridges, had to offer assurances in November that it was a financially stable custodian after its Austrian partner Signa was hit by a financial...
...plan to develop a luxury hotel and serviced apartments as part of a revamp of the brand’s flagship Oxford Street store, according to a senior executive at Austrian real estate group Signa, which joined Thai...
...Ellison said the move was taken after attempts to limit the damage by trading using accounts in the name of “Thai prostitutes” failed....
...The editorial team can be reached at techasia@nex.nikkei.co.jp....
...Three of the 20 F1 drivers are of Asian heritage, including Thai-British Williams driver Alex Albon....
...The Thai-owned company, controlled by the Chirathivat family, is one half of the venture that bought Selfridges from the Anglo-Canadian branch of the Weston family for £4bn at the end of last year....
...Thai conglomerate Central Group is in advanced talks to buy retailer Selfridges from Canada’s billionaire Weston family, according to three people familiar with the matter....
...The Thai and Austrian groups said on Thursday they had reached a deal to buy the retailer, established by Harry Gordon Selfridge in 1908, after months of negotiations with the Westons....
...Central last year vied against rival Thai-Chinese conglomerates Charoen Pokphand and TCC to buy Tesco’s Thai and Malaysian supermarkets, eventually losing out to CP’s $10.6bn bid....
...The acquisition was only narrowly approved by the Thai competition watchdog....
...Thai conglomerate Charoen Pokphand and Norway’s Telenor are to merge their telecom units in the south-east Asian country in a deal that will create the kingdom’s dominant provider worth more than $8.6bn....
...No Salim, whose name is a reference to royalists, recently began targeting Thailand’s powerful conglomerates, which have grown wealthy over the past century in co-operation with governments and the monarchy...
...In recent remarks to Thai media he described Tesco Lotus, for which CP outbid local rivals Central Group and TCC Group, as “my child”....
...That has helped make Shopee's parent, Sea Ltd, one of the most successful companies of the pandemic. The price of its New York Stock Exchange-listed shares rose 395 per cent in 2020....
...Three Thai family conglomerates have submitted formal first-round bids for the Thai and Malaysian operations of UK retailer Tesco and started second-round talks over a deal expected to fetch as much as $10bn...
...The company is set to list on the Thai stock exchange on February 20....
...“There is a lot of abuse of market power in Thai business and that creates a lot of concentration in the economy.”...
...Samsung, the world’s biggest smartphone maker, produces nearly two-thirds of its phones, including its latest range, at plants in Vietnam’s Bac Ninh and Thai Nguyen provinces....
...Tesco Thai sale may not check out for competition watchdog When Tesco put its highly profitable Thai and Malaysian businesses in the shop window late last year, it caught the attention of some of Thailand...
...The pair were going to invest nearly $500m together with co-investors to recapitalise the Texas and Utah driller....
...Lured by cheaper labour costs and huge tax breaks, Samsung built its first smartphone plant in Vietnam’s Bac Ninh province in 2008 for $2.5bn and another in the country’s Thai Nguyen province in 2013 for...
...Anthony Tan, Grab’s chief executive and co-founder, said the partnership would help it reach its goal of becoming “Thailand’s everyday local super app”....
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