Central Group Completes Acquisition of Swiss Retail Chain Globus
Central Group, a leading Thai retail company, has fully acquired the luxury Swiss department store chain Globus, further expanding its presence in Europe. The acquisition is part of Central Group's decade-long strategy to establish a significant luxury retail footprint across Europe, including previous purchases like Rinascente in Italy and Selfridges in the UK. In 2023, the group's revenue exceeded 248 billion baht, marking its continued success.
Central Group, one of Thailand’s largest retail companies, has completed the acquisition of Globus, a luxury department store chain in Switzerland.
Central Group began its journey into the European luxury retail market in 2011 by acquiring Italy's Rinascente chain and has expanded through strategic mergers and acquisitions, including Illum in Denmark, Germany’s KaDeWe, Oberpollinger, and Alsterhaus, and more recently, Selfridges in the UK.
Led by Tos Chirathivat, Central Group continues to grow its retail empire, now present in seven countries with significant holdings.
In 2023, its revenue reached over 248 billion baht.