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Cold Storage, Giant acquisition signals room for growth in Singapore’s supermarket landscape
Despite a crowded market, there are new opportunities for competition, innovation and expansion.
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In more ways than one, Macrovalue’s acquisition reminds industry players that they cannot be complacent.
ST PHOTOS: DESMOND WEE, SHINTARO TAY
Lawrence Loh and Ang Hui Min
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Malaysia’s Macrovalue acquiring the Cold Storage and Giant supermarket outlets
The two supermarket chains, run by DFI Retail Group, have been major players, alongside FairPrice and Sheng Siong, for many years. Along the way, new entrants such as Don Don Donki, Little Farms and Scarlett have made their presence known, albeit with relatively less long-lasting fanfare as the big players continue to maintain their dominance.
