The Mall Group reworks structure
IADS member The Mall Group has announced this summer a reorganization of its activities, into three business structures: retail estate (including malls), trading (including department stores) and finance, accounting and IT. A new generation of managers, both Thai and foreign, coming as a replacement of retiring executives, will help the group transformation. 6 locations will be renovated within next year and a change in leasing policy will help collecting increasing sources of revenue with rental fees, from previous locations that were previously managed with leasehold. According to chairwoman Supaluck Umpujh, the covid-19 pandemic will not stop nor slow the investment program already started.