fbpx
Wikipedia

Giant (hypermarket)

December 07, 2023

GCH Retail (Malaysia) Sdn Bhd (doing business as Giant Mall) is a hypermarket brand and retailer chain now mainly in Malaysia, Singapore and formerly Brunei,[1] Cambodia,[2] Indonesia and Vietnam.[3] In 2016, Giant was the largest supermarket chain in Malaysia.[4] Its parent company also operates Mercató, Cold Storage and TMC in Malaysia.[5]

GCH Retail (Malaysia) Sdn Bhd
A Giant Hypermarket in Petaling Jaya, Malaysia
TypePrivate Limited Company
IndustryRetail: Discount stores, grocery stores, and hypermarkets
Founded1944; 79 years ago (1944) in Kuala Lumpur, Federated Malay States (now Malaysia)
FounderTeng Family
HeadquartersShah Alam,
Selangor
,
Malaysia
Number of locations
40 store outlet and 40 Giant Mini (2023)
Area served
Malaysia
Key people
Simon Keswick (CEO)
Howard Mowlem (Chairman/GFD)
ParentTeng Family (1944–1999)
DFI Retail Group (1999–2023)
Macrovalue (2023–present)
Websitegiant.com.my (Malaysia)
giant.sg (Singapore)

History edit

 
The Giant Hypermarket logo used from 1999 to 2020.
 
A Giant Mini outlet in Kota Damansara

Giant was founded in 1944 as a small grocery store in Kuala Lumpur and expanded with the opening of the Teng Minimarket Centre (TMC) in Bangsar in 1974.[6] In 1999, Dairy Farm International Holdings bought a 90% interest in the chain, with the Teng family retaining the balance.[7] By 2003, the holding company for the chain had changed its name to Dairy Farm Giant Retail Sdn Bhd, and the chain had eight Giant hypermarkets and 10 supermarkets as well as three Cold Storage supermarkets. Today, the company operates as a subsidiary of Dairy Farm International Holdings Limited and the name was changed to GCH Retail (Malaysia) Sdn Bhd.[8]

GCH Retail is 30%-owned by Syarikat Pesaka Antah Sdn Bhd — a company controlled by the Negeri Sembilan royal family and balance 70% by DFI Mauritius Ltd.[9][10]

In December 2011, Giant expanded into Vietnam.[11] However, in February 2018, the Group disposed of its 100% interest in Asia Investment Supermarket Trading Co. Ltd. (AISTC), operating a hypermarket in Vietnam to Auchan Retail Vietnam, for net cash inflow of US$6.4 million.[12] As such, the Group has exited from supermarket and hypermarket business in Vietnam.[13][14]

Beginning 2017, Giant and its peers in the hypermarket retail segment in Malaysia had been underperforming due to high operational costs, weakening consumer spending, and stiffer competition from smaller supermarkets, retailers and e-commerce.[15] In 2019, it closed at least six outlets in Peninsular Malaysia operations. It comprises 2 hypermarkets & 2 Cold Storage outlets in Selangor, 1 each in Kedah, Perak, and Kuala Lumpur.[16] While exiting totally from Sabah and Sarawak.[17] There had about 16 stores in both of the states which they transferred the business to local stores as new owners rather than closing them permanently. In 2020, Many branches would be replaced by TF Value-Mart or NSK Trade City.

Similar downsize also observed in Singapore with the closure of two stores located at Bukit Panjang and Jalan Tenteram in Whampoa estate, and its VivoCity hypermarket in 2019.[18] It also closed its Parkway Parade hypermarket on 29 February 2020.

In May 2021, Giant announced its withdrawal from Indonesia since 31 July 2021. Some branches would be replaced with Hero Supermarket and IKEA small stores. Hero is also owned by the DFI Retail Group.[19][20][21]

Rebranding edit

On 24 September 2020, Giant Singapore announced that it would be undertaking a rebranding exercise, introducing a new logo and new features to its stores. It will also lower prices of daily essentials by 20% average for six months, following NTUC FairPrice's decision to lower prices in order to support Singaporeans during the COVID-19 pandemic.[22]

The rebranding of Giant's logo was extended to Malaysia in April 2021. As part of transformation, Giant introduces a section known as “Ringgit Zone” which has priced its products fixed at RM3 per item for bargain hunters.[23] Both ShopSmart & G-Ekspres are being rebranded as Giant Mini.[24]

New owner edit

On 23 February 2023, Giant's operator Dairy Farm announced that it is exiting the grocery retail market in Malaysia citing increasing competition.[25] Dairy Farm's grocery business in Malaysia was sold to Macrovalue Sdn Bhd lead by Andrew Lim Tatt Keong, a local businessman and entrepreneur.[26] Dairy Farm remains the operator of Cold Storage and Giant in Singapore.

Following the acquisation, Macrovalue announced on 21 March 2023 that Giant Hypermarket will be rebranded as Giant Mall as the parent company attempts to attract more foot traffic and cut down losses.[27]

See also edit

References edit

  1. ^ Ubaidillah Masli (23 March 2008). . The Brunei Times. Archived from the original on 16 April 2016. Retrieved 16 April 2016.
  2. ^ "Malaysia's Giant Opens First Cambodia Supermarket". Khmer Times. 21 April 2016. Retrieved 22 January 2019.[permanent dead link]
  3. ^ Quoc Hung (31 August 2011). . The Saigon Times. Archived from the original on 16 April 2016. Retrieved 16 April 2016.
  4. ^ Abdul Ghani Wahab (21 November 2016). "Malaysia Retail Foods Annual 2016" (PDF). USDA Foreign Agricultural Service. (PDF) from the original on 21 December 2016. Retrieved 17 February 2018.
  5. ^ "Giant hypermarkets to be replaced by Giant Malls". The Edge Malaysia. Retrieved 10 June 2023.
  6. ^ Ferina Manecksha (13 January 2000). . New Straits Times. Archived from the original on 29 March 2015. Retrieved 16 April 2016.
  7. ^ . New Straits Times. 16 October 2000. Archived from the original on 29 March 2015. Retrieved 16 April 2016.
  8. ^ "Company Overview of GCH Retail (Malaysia) Sdn Bhd". Bloomberg L.P. from the original on 23 April 2016. Retrieved 16 April 2016.
  9. ^ Ganesan, Vasantha (25 February 2015). . The Edge (Malaysia). The Edge Financial Daily. Archived from the original on 3 January 2020. Retrieved 3 January 2020.
  10. ^ Ganesan, Vasantha (20 August 2019). "20 more Giant and Cold Storage stores to close". The Edge (Malaysia). from the original on 21 October 2019. Retrieved 3 January 2020.
  11. ^ "10 Facts About Giant, The Supermarket From M'sia That is Everywhere in S'pore". Goody Feed. 30 June 2019. from the original on 28 May 2021. Retrieved 23 April 2021.
  12. ^ (PDF). www.dairyfarmgroup.com. p. 102. Archived from the original (PDF) on 7 January 2020. Retrieved 7 January 2020.
  13. ^ Nhung, Hong (30 November 2018). . vneconomictimes.com. Vietnam Economic Times. Archived from the original on 7 January 2020. Retrieved 7 January 2020.
  14. ^ Stockdill, Robert (1 March 2019). . Inside Retail Asia. Archived from the original on 7 January 2020. Retrieved 7 January 2020.
  15. ^ "Hypermarkets face a bleak future on waning appetite". The Malaysian Reserve. 15 July 2019. from the original on 23 April 2021. Retrieved 23 April 2021.
  16. ^ . The Edge (Malaysia). The Edge Markets. 31 July 2019. Archived from the original on 3 January 2020. Retrieved 3 January 2020.
  17. ^ . The Edge (Malaysia). The Edge Markets. 12 February 2020. Archived from the original on 13 February 2020. Retrieved 12 February 2020.
  18. ^ Cheng, Kenneth. . Today (Singapore newspaper). TODAYonline. Archived from the original on 3 January 2020. Retrieved 3 January 2020.
  19. ^ Okezone (25 May 2021). "Selamat Tinggal, Gerai Giant di Seluruh Indonesia Ditutup Akhir Juli 2021 : Okezone Economy". economy.okezone.com/ (in Indonesian). from the original on 25 May 2021. Retrieved 25 May 2021.
  20. ^ Media, Kompas Cyber (25 May 2021). "Fokus Tiga Merek, HERO Tutup Seluruh Gerai Giant Akhir Juli Halaman all". KOMPAS.com (in Indonesian). from the original on 25 May 2021. Retrieved 25 May 2021.
  21. ^ Sandi, Ferry. "Berguguran! Gerai Giant Tutup Berantai, Setop Total Juli 2021 - Halaman 2". news (in Indonesian). from the original on 25 May 2021. Retrieved 25 May 2021.
  22. ^ Tay, Triffany (24 September 2020). "Giant supermarket to lower prices of daily essentials for 6 months by 20% on average". The Straits Times. from the original on 24 September 2020. Retrieved 24 September 2020.
  23. ^ Saieed, Zunaira. . www.thestar.com.my. The Star. Archived from the original on 23 April 2021. Retrieved 23 April 2021.
  24. ^ Ganesan, Vasantha (20 April 2021). . The Edge Markets. Archived from the original on 23 April 2021. Retrieved 23 April 2021.
  25. ^ "Giant operator Dairy Farm to exit Malaysian grocery business after 24 years". The Edge Malaysia. Retrieved 10 June 2023.
  26. ^ "Giant operator Dairy Farm sells grocery business to Malaysian company". The Edge Malaysia. Retrieved 10 June 2023.
  27. ^ "Giant hypermarkets to be replaced by Giant Malls". The Edge Malaysia. Retrieved 10 June 2023.

External links edit

 
Wikimedia Commons has media related to Giant Hypermarket.
  • Giant Malaysia
  • Giant Singapore
  • Giant Indonesia
  • GCH Retail (Malaysia) Sdn Bhd Company Profile on Bloomberg L.P.

December 07, 2023
giant, hypermarket, retail, malaysia, doing, business, giant, mall, hypermarket, brand, retailer, chain, mainly, malaysia, singapore, formerly, brunei, cambodia, indonesia, vietnam, 2016, giant, largest, supermarket, chain, malaysia, parent, company, also, ope. GCH Retail Malaysia Sdn Bhd doing business as Giant Mall is a hypermarket brand and retailer chain now mainly in Malaysia Singapore and formerly Brunei 1 Cambodia 2 Indonesia and Vietnam 3 In 2016 Giant was the largest supermarket chain in Malaysia 4 Its parent company also operates Mercato Cold Storage and TMC in Malaysia 5 GCH Retail Malaysia Sdn BhdA Giant Hypermarket in Petaling Jaya MalaysiaTypePrivate Limited CompanyIndustryRetail Discount stores grocery stores and hypermarketsFounded1944 79 years ago 1944 in Kuala Lumpur Federated Malay States now Malaysia FounderTeng FamilyHeadquartersShah Alam Selangor MalaysiaNumber of locations40 store outlet and 40 Giant Mini 2023 Area servedMalaysiaKey peopleSimon Keswick CEO Howard Mowlem Chairman GFD ParentTeng Family 1944 1999 DFI Retail Group 1999 2023 Macrovalue 2023 present Websitegiant wbr com wbr my Malaysia giant wbr sg Singapore Contents 1 History 1 1 Rebranding 1 2 New owner 2 See also 3 References 4 External linksHistory edit nbsp The Giant Hypermarket logo used from 1999 to 2020 nbsp A Giant Mini outlet in Kota DamansaraGiant was founded in 1944 as a small grocery store in Kuala Lumpur and expanded with the opening of the Teng Minimarket Centre TMC in Bangsar in 1974 6 In 1999 Dairy Farm International Holdings bought a 90 interest in the chain with the Teng family retaining the balance 7 By 2003 the holding company for the chain had changed its name to Dairy Farm Giant Retail Sdn Bhd and the chain had eight Giant hypermarkets and 10 supermarkets as well as three Cold Storage supermarkets Today the company operates as a subsidiary of Dairy Farm International Holdings Limited and the name was changed to GCH Retail Malaysia Sdn Bhd 8 GCH Retail is 30 owned by Syarikat Pesaka Antah Sdn Bhd a company controlled by the Negeri Sembilan royal family and balance 70 by DFI Mauritius Ltd 9 10 In December 2011 Giant expanded into Vietnam 11 However in February 2018 the Group disposed of its 100 interest in Asia Investment Supermarket Trading Co Ltd AISTC operating a hypermarket in Vietnam to Auchan Retail Vietnam for net cash inflow of US 6 4 million 12 As such the Group has exited from supermarket and hypermarket business in Vietnam 13 14 Beginning 2017 Giant and its peers in the hypermarket retail segment in Malaysia had been underperforming due to high operational costs weakening consumer spending and stiffer competition from smaller supermarkets retailers and e commerce 15 In 2019 it closed at least six outlets in Peninsular Malaysia operations It comprises 2 hypermarkets amp 2 Cold Storage outlets in Selangor 1 each in Kedah Perak and Kuala Lumpur 16 While exiting totally from Sabah and Sarawak 17 There had about 16 stores in both of the states which they transferred the business to local stores as new owners rather than closing them permanently In 2020 Many branches would be replaced by TF Value Mart or NSK Trade City Similar downsize also observed in Singapore with the closure of two stores located at Bukit Panjang and Jalan Tenteram in Whampoa estate and its VivoCity hypermarket in 2019 18 It also closed its Parkway Parade hypermarket on 29 February 2020 In May 2021 Giant announced its withdrawal from Indonesia since 31 July 2021 Some branches would be replaced with Hero Supermarket and IKEA small stores Hero is also owned by the DFI Retail Group 19 20 21 Rebranding edit On 24 September 2020 Giant Singapore announced that it would be undertaking a rebranding exercise introducing a new logo and new features to its stores It will also lower prices of daily essentials by 20 average for six months following NTUC FairPrice s decision to lower prices in order to support Singaporeans during the COVID 19 pandemic 22 The rebranding of Giant s logo was extended to Malaysia in April 2021 As part of transformation Giant introduces a section known as Ringgit Zone which has priced its products fixed at RM3 per item for bargain hunters 23 Both ShopSmart amp G Ekspres are being rebranded as Giant Mini 24 New owner edit On 23 February 2023 Giant s operator Dairy Farm announced that it is exiting the grocery retail market in Malaysia citing increasing competition 25 Dairy Farm s grocery business in Malaysia was sold to Macrovalue Sdn Bhd lead by Andrew Lim Tatt Keong a local businessman and entrepreneur 26 Dairy Farm remains the operator of Cold Storage and Giant in Singapore Following the acquisation Macrovalue announced on 21 March 2023 that Giant Hypermarket will be rebranded as Giant Mall as the parent company attempts to attract more foot traffic and cut down losses 27 See also editList of hypermarkets in Malaysia List of companies in MalaysiaPortals nbsp Malaysia nbsp Companies nbsp SupermarketsReferences edit Ubaidillah Masli 23 March 2008 Bruneians go all out for Giant bargains The Brunei Times Archived from the original on 16 April 2016 Retrieved 16 April 2016 Malaysia s Giant Opens First Cambodia Supermarket Khmer Times 21 April 2016 Retrieved 22 January 2019 permanent dead link Quoc Hung 31 August 2011 Supermarket Giant to be opened in Vietnam The Saigon Times Archived from the original on 16 April 2016 Retrieved 16 April 2016 Abdul Ghani Wahab 21 November 2016 Malaysia Retail Foods Annual 2016 PDF USDA Foreign Agricultural Service Archived PDF from the original on 21 December 2016 Retrieved 17 February 2018 Giant hypermarkets to be replaced by Giant Malls The Edge Malaysia Retrieved 10 June 2023 Ferina Manecksha 13 January 2000 Giant TMC adopts e commerce initiative New Straits Times Archived from the original on 29 March 2015 Retrieved 16 April 2016 Giant TMC to open ninth outlet New Straits Times 16 October 2000 Archived from the original on 29 March 2015 Retrieved 16 April 2016 Company Overview of GCH Retail Malaysia Sdn Bhd Bloomberg L P Archived from the original on 23 April 2016 Retrieved 16 April 2016 Ganesan Vasantha 25 February 2015 Giant partners NS royal family controlled firm The Edge Malaysia The Edge Financial Daily Archived from the original on 3 January 2020 Retrieved 3 January 2020 Ganesan Vasantha 20 August 2019 20 more Giant and Cold Storage stores to close The Edge Malaysia Archived from the original on 21 October 2019 Retrieved 3 January 2020 10 Facts About Giant The Supermarket From M sia That is Everywhere in S pore Goody Feed 30 June 2019 Archived from the original on 28 May 2021 Retrieved 23 April 2021 Dairy Farm Annual Report 2018 PDF www dairyfarmgroup com p 102 Archived from the original PDF on 7 January 2020 Retrieved 7 January 2020 Nhung Hong 30 November 2018 Giant hypermarket becomes Auchan Crescent Mall vneconomictimes com Vietnam Economic Times Archived from the original on 7 January 2020 Retrieved 7 January 2020 Stockdill Robert 1 March 2019 Dairy Farm Group profit takes a hit from restructure Inside Retail Asia Archived from the original on 7 January 2020 Retrieved 7 January 2020 Hypermarkets face a bleak future on waning appetite The Malaysian Reserve 15 July 2019 Archived from the original on 23 April 2021 Retrieved 23 April 2021 Tale of the shrinking Giant The Edge Malaysia The Edge Markets 31 July 2019 Archived from the original on 3 January 2020 Retrieved 3 January 2020 Giant to exit Sabah and Sarawak The Edge Malaysia The Edge Markets 12 February 2020 Archived from the original on 13 February 2020 Retrieved 12 February 2020 Cheng Kenneth Giant s footprint shrinking in Singapore Hypermarket chain to close VivoCity outlet in early 2019 Today Singapore newspaper TODAYonline Archived from the original on 3 January 2020 Retrieved 3 January 2020 Okezone 25 May 2021 Selamat Tinggal Gerai Giant di Seluruh Indonesia Ditutup Akhir Juli 2021 Okezone Economy economy okezone com in Indonesian Archived from the original on 25 May 2021 Retrieved 25 May 2021 Media Kompas Cyber 25 May 2021 Fokus Tiga Merek HERO Tutup Seluruh Gerai Giant Akhir Juli Halaman all KOMPAS com in Indonesian Archived from the original on 25 May 2021 Retrieved 25 May 2021 Sandi Ferry Berguguran Gerai Giant Tutup Berantai Setop Total Juli 2021 Halaman 2 news in Indonesian Archived from the original on 25 May 2021 Retrieved 25 May 2021 Tay Triffany 24 September 2020 Giant supermarket to lower prices of daily essentials for 6 months by 20 on average The Straits Times Archived from the original on 24 September 2020 Retrieved 24 September 2020 Saieed Zunaira Giant step to revamp image www thestar com my The Star Archived from the original on 23 April 2021 Retrieved 23 April 2021 Ganesan Vasantha 20 April 2021 Mini steps to make a Giant difference The Edge Markets Archived from the original on 23 April 2021 Retrieved 23 April 2021 Giant operator Dairy Farm to exit Malaysian grocery business after 24 years The Edge Malaysia Retrieved 10 June 2023 Giant operator Dairy Farm sells grocery business to Malaysian company The Edge Malaysia Retrieved 10 June 2023 Giant hypermarkets to be replaced by Giant Malls The Edge Malaysia Retrieved 10 June 2023 External links edit nbsp Wikimedia Commons has media related to Giant Hypermarket Giant Malaysia Giant Singapore Giant Indonesia GCH Retail Malaysia Sdn Bhd Company Profile on Bloomberg L P Retrieved from https en wikipedia org w index php title Giant hypermarket amp oldid 1179882831, wikipedia, wiki, book, books, library,

article

, read, download, free, free download, mp3, video, mp4, 3gp, jpg, jpeg, gif, png, picture, music, song, movie, book, game, games.