Siam Makro Plc, the operator of Makro cash & carry stores and Lotus’s hypermarkets, has allocated 25.3-27.5 billion baht this year to expand its retail and wholesale businesses.
Saowaluck Thithapant, group chief executive of Siam Makro, said the economic and tourism recoveries after the full reopening of Thailand are expected to have a positive impact on wholesale and retail businesses, as well as hotels, restaurants and the catering industry, which is the company’s customer base.
Of the planned investment, 13.1-14.1 billion baht is for Makro’s wholesale business, while 12.2-13.4 billion is for Lotus’s retail business, including branch expansion and developing distribution centres, digital systems and new businesses.
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