AEON To Persist With Expansion

AEON Co (M) Bhd, the Malaysian supermarket subsidiary of Japanese retail giant AEON, has confirmed that it will proceed with its expansion plans despite a clear slowdown in consumer spending. Rocked by spiralling food prices and a dramatic increase in fuel costs on the back of government subsidy amendments, consumer confidence in Malaysia has taken a battering. AEON is confident, however, that the medium-term picture is

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