China’s CDH Investments acquires 5% stake in Vietnam grocery chain
China’s CDH Investments, through Green Bee 2 Private Limited, has completed the acquisition of a 5% stake in grocery chain Bach Hoa Xanh, a subsidiary of Vietnamese retailer Mobile World.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail grocery chain Bach Hoa Xanh’s revenue up 50% in 2 months
Bach Hoa Xanh, a retail grocery chain under Mobile World Investment Corporation, posted revenue of VND6 trillion ($242.4 million) in the first two months of 2024, a year-on-year increase of 47%, according to Mobile World.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail major Mobile World continues store closing spree
Retail major Mobile World has placed at least four of its chain store brands on its restructuring chopping block, with fourth quarter closures possibly reaching 200 outlets.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail chain grocery Bach Hoa Xanh’s new acting CEO refuses salary until company on track
Pham Van Trong was appointed acting CEO of Mobile World Investment Corporation's (MWG) grocery retail chain Bach Hoa Xanh at the company's 2023 general meeting of shareholders on Saturday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Saigon Co.op remains biggest retailer in Vietnam: executive
Saigon Co.op, a state-run cooperative, posted a revenue of VND30,888 billion ($1.32 billion) in 2022, up 0.7% year-on-year, CEO Nguyen Anh Duc reported to HCMC Chairman Phan Van Mai on Monday.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Mobile World reports $140 mln profit in 9 months
The Mobile World Investment Corporation recorded after-tax profits of VND3,483 billion ($140 million) in the first nine months of the year, up 4% year-on-year, fulfilling 55% of the year's plan.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Mobile World to sell 20% stake in $1.5 bln grocery retailer
Vietnamese retail giant Mobile World Investment Corp. is seeking the sale of up to 20% of its grocery unit Bach Hoa Xanh in a deal expected to value the chain at more than $1.5 billion.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Retail major MWG expects 50% online sales growth
With its Omni-channel retail strategy, Mobile World Investment Corporation (MWG) expects online sales to continue growing by 50% in 2022 and increase its contribution in total revenue to 15%.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
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