Central Group
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| Central Group | |
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| Type | Family-owned |
| Founded | 1947 |
| Headquarters | Bangkok, Thailand |
| Key people | Vanchai Chirathivat, chairman Kobchai Chirathivat, president and CEO Yuwadee Chirathivat Bhicharnchitr, president Central Department Stores |
| Industry | Real estate, retailing, restaurants |
| Products | Shopping centers, department stores, restaurants, hotels. |
| Net income | 3,295 million baht[1] |
| Employees | 32,000 |
| Subsidiaries | Central Pattana PLC (SET: CPN) Central Retail Corporation Robinson department stores (SET: Robins) Centara Hotels and Resorts (SET: CENTEL) Central Restaurant Group Central Marketing Group |
| Website | www.centralgroup.com |
The Central Group of Companies is a family-owned conglomerate holding company in Thailand that is involved in retailing, real estate, hotels and restaurants. Among its subsidiaries is Central Pattana (SET: CPN), which is the largest developer and operator of shopping centers in Thailand and the Central Retail Corporation, Thailand's biggest retail conglomerate. Its chief rival is The Mall Group, which owns Siam Paragon and The Emporium and several suburban shopping centers.
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[edit] History
Tiang Chirathivat started a general merchandise store in 1947 in Samphanthawong district, Bangkok's Chinatown. In 1957, Tiang's son, Samrit Chirathivat, opened the first Central Department Store in Wangburapha, Phra Nakhon, Bangkok. The company's property development arm, Central Pattana was founded in 1980, and opened its first shopping center, Central Plaza Lat Phrao in Chatuchak district, Bangkok in 1982.
[edit] Central Pattana
The retail property development and management arm of the Central Group, Central Pattana was founded on June 17, 1980 with a registered capital of 300 million baht. The company became registered as a public limited company in 1994 and was listed on the Stock Exchange of Thailand in 1995. The company operates eight shopping malls in Bangkok, including CentralWorld, as well as shopping centers in Chiang Mai and Pattaya. Expansion plans include the Central Plaza Chaengwattana, in Pak Kret district, Nonthaburi and a second shopping mall (to include a Central Department Store) in Pattaya, both due for completion in 2008.
[edit] Central Retail Corporation
Central Retail Corporation is the largest retailer in Thailand, owning the Central Department Store chain, as well as its former rival, Robinson, and has an interest in the BigC chain of hypermarkets.
[edit] Central Department Store
Central stores are positioned as an upper-market chain. It has 11 stores in Bangkok and branches in Chiang Mai, Chonburi Province, Hat Yai, Khon Kaen, Pattaya and Phuket. It compares to such US retailers as Macy's.
[edit] Robinson
The Robinson department store chain (SET: ROBINS) was established in 1979 and was merged with Central in 1995. The company has 19 branches and is positioned as a mid-market retailer, similar to such US chains as Sears.
[edit] Other Central Retail companies
- Power Buy – An electronics retailer with more than 40 stores.
- Office Depot – The office-supply giant's stores in Thailand have been operated by Central since 1996.
- B2S – A chain that sells stationery, books, magazines, school and office supplies, music CDs and movie DVDs.
- Supersports – A sporting-goods store.
- Homeworks – A building supplies and home-improvement retailer.
- Tops Supermarket – The Netherlands-owned, US-based Tops grocery chain is operated in Thailand by Central. It has nearly 90 stores nationwide.
- Zen – An upmarket department store, it opened in 1990 as one of the anchors of the World Trade Center in Pathum Wan district, Bangkok. Now named CentralWorld, the shopping center has undergone its major renovation, you can now visit the new Zen store tastefully designed.
- BigC – A chain of hypermarkets, majority owned by the Casino Group of France.
- Watson's – The Thailand outlets of the Hong Kong-based Hutchison Whampoa drugstore chain are run by Central.
- Marks & Spencer – Central is a franchisee of the British retail chain, with M&S located within Central Department Stores and two freestanding stores in Thailand.
[edit] Centara Hotels and Resorts
Central Hotels and Resorts, renamed Centara Hotels and Resorts in 2007, owns 11 resort hotels in Thailand, including the Sofitel Centara Grand at Central Plaza Lat Phrao in Chatuchak district and the Sofitel Centara Grand Hua Hin Resort, which was Thailand's first resort-style hotel, built in 1923 by the State Railway of Thailand. Other hotels are located in Krabi, Ko Samui, Phuket, Hat Yai, Chiang Mai and Mae Sot. The company plans to open two more hotels, Centara Grand and Bangkok Convention Centre at CentralWorld in Bangkok, and the Centara Grand Mirage Beach Resort in Pattaya in 2008.
[edit] See also
[edit] References
- CRC corporate profile (PDF), Central Retail Corporation website. (Retrieved July 11, 2006).
[edit] Notes
- ^ Annual Report 2005, Central Pattana PLC. (Retrieved July 18, 2006).
[edit] External links
- Main corporate website
- Central Pattana
- Central Online - Main portal for company's retail brands
- Centara Hotels & Resorts
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