Malaysia’s Macrovalue acquiring the Cold Storage and Giant supermarket outlets in Singapore has raised questions about how it will compete and differentiate itself in an already saturated market.

SINGAPORE: Cold Storage Singapore, the country’s oldest supermarket chain, will be bought over by Malaysian retail group Macrovalue in a deal that is worth S$125 million (US$93 million).

The Singapore-listed DFI Retail Group, which currently owns Cold Storage and Giant in Singapore, announced the divestment of their Singapore Food business in a press release on Monday (March 24).

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Stressing that his Macrovalue retail group’s foray into Singapore was for the long-term, Lim said: “We are committed to the supermarket industry, and we are not here to slice and dice and make ...

SINGAPORE – All Cold Storage and Giant supermarket outlets in Singapore will be sold to Malaysian retail group Macrovalue for an initial price of $125 million. Current owner DFI Retail Group ...

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