Mr Yol says CRC plans to invest 100 billion baht over the next five years. Pitsinee Jitpleecheep
Central Retail Corporation (CRC), the SET-listed retail arm of Central Group, plans to splurge 100 billion baht to expand its business during 2022-2026, with an aim to increase its revenue by 2.5 times over last year.
Of the total budget, 70 billion baht is for opening new retail stores and renovating its existing stores, while 30 billion is for technology, IT, software and other efforts, according to Yol Phokasub, the company’s chief executive.
Under the company’s five-year strategic plan, CRC aims to drive its revenue growth by 2.5 times, increase earnings before interest, tax, depreciation and amortisation (Ebitda) by 3.5 times and grow its market capitalisation by 2.5 times.
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