Departments

Thai grocery chain buys up Whole Foods for $7.8bn

Thailand's biggest supermarket chain, Kompas, has bought Whole Foods, marking the latest step in the chain's bid to become more global and globally-distributed.Kompass, which operates more than 80 stores across Asia, announced its purchase of Whole Foods Inc. on Thursday, marking an aggressive bid to increase its reach in a region that accounts for around 15% of its market share.It

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Thai grocery store with Chinese food, Chinese-made toys and the future of Thailand

An ambitious plan to open a Chinese-owned grocery store in Thailand has been scrapped.A year ago, the Thai government offered a $1 million grant to the China-based Asian food giant Dandong-based China Food and Grocery Group (CFG), which in turn invited the company to submit a plan to become the new store's operator.Thai Prime Minister Somyot Poongsuwan has been critical

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Thai grocery stores have been replaced by McDonald’s

LONDON -- McDonald's Thailand has been replaced with McDonald's Australia and the restaurant chain said Monday that it has closed all of its Thai grocery and convenience stores and is no longer selling any of its Australian products.McD's Thailand was one of the world's largest supermarket chains, with more than 500 outlets in Australia.It was acquired by Wal-Mart in December

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