Companies / Malaysia
Dairy Farm Makes A Grab For Makro
October 2006 | Company News AlertGCH Retail, a member of the Dairy Farm Group, has confirmed that it is currently in talks to take over the Malaysian Makro Cash & Carry network. In late August, Makro's controlling shareholders - Dutch firm SHV Holdings NV and its Malaysian partners - had announced their planned exit from the Malaysian mass grocery retail (MGR) sector, though no reason was given at the time. This caused considerable surprise, given its status as one of Malaysia's largest retailers. The company, which is credited by many with having created interest in modern retail formats in Malaysia, failed to meet its initial
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