Thai Central Retail goes public

The Thai company Central Retail, which owns several groups of department stores, got listed to the Thai Stock Exchange with a valuation of 8,000 million dollars. On its first day, the company raised 2.48 billion dollars. It is owned by the Thai Central Group, a Thai conglomerate owned by the Chirathivat family. In its portfolio, the group has two subsidiaries operating in the development of shopping malls and hospitals, which already listed on the Thai stock exchange. Following the listing of Central Retail, the Chirathivat family still holds 70% of the company's capital.
The company's total portfolio consists of 1,922 stores in Thailand, 133 in Vietnam and nine department stores in Italy. In addition, the group also owns Central Department Store, Robinson Department Store, Super Sports, and Central Marketing Group, the beauty distribution business that operates with brands such as Guess, TopShop, Ralph Lauren polo or Clarins.
