The Central Group has finalized the complete acquisition of Globus, a luxury department store chain in Switzerland.
As one of Thailand’s leading retail conglomerates, Central Group has done mergers and acquisitions (M&A) to accelerate its business growth.
Central has announced the full acquisition of Globus after holding a stake since 2020. This acquisition includes all nine Globus department stores and reinforces Central Group’s ambition to build a multi-billion-baht empire in Europe.
Europe is a key focus for Central Group’s expansion into luxury retail.
However, Central Group also operates retail stores in countries such as Vietnam and Indonesia. The company also operates stores across 60 provinces in Thailand alone, with a portfolio of 1,755 stores and a total retail space exceeding 3.14 million square meters.
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