Central Retail Corporation Plc (CRC) said on Tuesday it plans to invest 100 billion baht over the next five years to expand its retail businesses.
The company also said in a statement it aims to boost revenue growth and market capitalisation by 2.5 times over the period.
CRC’s five-year strategy includes expanding its online shopping platforms to bolster its food, fashion and other business lines, the chief executive, Yol Phokasub, said.
The bulk of investment will be used for physical store expansion and upgrades, with the rest for technology, Mr Yol told a virtual news conference.
“Online is not going to kill offline, but will complement each other,” he said.
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