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Cold Storage, Giant supermarket chains in Singapore to be acquired by Malaysian company in S$125m deal

  • All Cold Storage and Giant supermarket outlets in Singapore will be sold for S$125 million to Malaysian retail group Macrovalue, according to DFI Retail Group and Macrovalue on March 24.
  • The agreement includes 48 Cold Storage stores and 41 Giant outlets, and is expected to finalize in the second half of 2025.
  • DFI Retail Group will focus on its Guardian Pharmacy and 7-Eleven convenience stores after selling its supermarket operations, according to CEO Scott Price.
  • Macrovalue aims to enhance operational efficiencies in Singapore, according to co-owner Andrew Lim.
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The Star Kuala LumpurThe Star Kuala Lumpur
Right

All Cold Storage, Giant outlets in Singapore to be sold to Malaysian group for RM414mil

SINGAPORE: All Cold Storage and Giant supermarket outlets in Singapore will be sold to Malaysian retail group Macrovalue for an initial price of S$125mil (RM414mil).

·Malaysia
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The Straits TimesThe Straits Times
Lean Right

All Cold Storage, Giant outlets in S’pore to be sold to Malaysia group for $125m

Current owner DFI Retail Group will focus on its Guardian pharmacy and 7-Eleven convenience store businesses in Singapore.

·Singapore
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Channel News AsiaChannel News Asia
Center

Cold Storage, Giant supermarket chains in Singapore to be acquired by Malaysian company in S$125m deal

The sale to Macrovalue is expected to be completed in the second half of 2025.

·Singapore
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The Rakyat PostThe Rakyat Post

Who Owns Macrovalue? The Malaysian Company That Just Acquired Singapore's Cold Storage & Giant

Subscribe to our FREE Newsletter, or Telegram and WhatsApp channels for the latest stories and updates. On 24 March, Malaysian retail group Macrovalue bought all 48 Cold Storage stores under its CS Fresh, CS Gold, Cold Storage, and Jasons Deli brands, as well as 41 Giant outlets, and two distribution centres in Singapore for S$125 million from DFI Retail. Scott Price, the group chief executive officer of DFI Retail Group, said Macrovalue is “ide…

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Business TimesBusiness Times

What is Macrovalue – set to purchase Cold Storage and Giant – and who are its owners?

Supermarket and retail operator DFI Retail, which owns Cold Storage and Giant in Singapore, said on Mar 24 that it will sell its food business in the city-state to Malaysian retail group Macrovalue.

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Inside FMCGInside FMCG

Macrovalue acquires Giant, Cold Storage in Singapore for S$125 million

Malaysia-based retail group Macrovalue has purchased DFI Retail Group’s Giant and Cold Storage supermarket chains in Singapore in a S$125 million ($148.5 million) deal. The transaction includes 48 Cold Storage, 41 Giant outlets, and two distribution centre leases – but no property assets. Established in 2022 by Andrew Lim Tatt Keong and Datuk Gary Yap, Macrovalue plans to position itself as a major player in the region’s grocery sector. It previ…

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Channel News Asia broke the news in Singapore on Monday, March 24, 2025.
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