Bangkok: 29 October 2021 – Central Retail has been named the winner in Asia’s Outstanding Companies Poll 2021 under the category of Consumer Discretionary in Thailand by Asiamoney, a leading financial publication. The rankings are based on votes from over 1,000 institutional investors and analysts of Asiamoney which has selected companies in Thailand and across Asia.
Mr. Yol Phokasub, Chief Executive Officer of Central Retail Corporation PCL commented “We are truly delighted to be selected in Asia’s Outstanding Companies Poll 2021, by Asiamoney which investors and analysts took part in the voting process. By receiving this award, it has proven the acceptance and confidence of investors toward Central Retail, which demonstrates excellence in management, uplift new innovations to embrace the uncertainties, such as the current pandemic of COVID-19 that deteriorates over time.
Central Retail was able to overcome this by adapting with adjustments to our digital strategies and offering products and services that match the consumer’s lifestyle. As a result, Central Retail is known for its completely conceived omnichannel platforms in Thailand. This award is another milestone for Central Retail to strengthen our business force forward in a sustainable way.â€
“We would like to express our gratitude to our customers, investors, suppliers, and partners for their continued support, which is a key motivator for Central Retail to continue growing its business and becoming the leading retailer and service provider on a global scale. With excellent business strategies, financial management, and flexible investment plan, the company efficiently boosts investors’ confidence and all stakeholders.
Central Retail adheres to the principles of sustainable business operations under good corporate governance, as well as a continuous commitment to society and the environment. This award truly shows Central Retail’s achievements and abilities in management, effective and transparent communication with investor communities, and gaining trust from all sectors.†Mr. Yol concluded.
###
About Central Retail
Central Retail Corporation Company Limited (Central Retail) is the retail leader in Thailand and the flagship company at the roots of Central Group. It has a network of 3,687 branded stores (as of 30 June 2021) offering multi-category products through multi-format channels such as department stores, convenience stores, specialty stores, supermarkets, hypermarkets, plazas, and online sales through omnichannel platforms.
Central Retail’s business is organized into 4 operating segments based on business units; (1) Fashion, which focuses on apparel and accessories under Central Department Store, Robinson Department Store, Supersports, Central Marketing Group (CMG), and Rinascente; (2) Hardline, which focuses on electronics and home improvement under Thai Watsadu, Baan and Beyond, Power Buy, Nguyen Kim, OfficeMate, B2S, and meb; (3) Food, which focuses on groceries under Central Food Hall, Tops Market, Tops Daily, FamilyMart, Big C/GO! and Lanchi Mart; and (4) Property, which focuses on leasing retail property to third parties and to its own stores under Robinson Lifestyle Center, Tops Plaza, and Big C / GO!. As of 30 June 2021, Central Retail has its presence in 3 countries – in 54 provinces of Thailand, 39 provinces of Vietnam, and across key cities in Italy (as of 30 June 2021).
