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Why Cold Storage was sold – DFI’s CEO says shifting retail trends forced the call

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DFI Retail Group chief executive Scott Price said his interest in Asia was fired up by an adjunct professor who had worked for Citi in Asia.

DFI Retail Group chief executive Scott Price says his interest in Asia was fired up by an adjunct professor who had worked for Citi in Asia.

ST PHOTO: DESMOND WEE

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SINGAPORE – Blame it partly on the rail links being planned or under consideration to connect Singapore with destinations across the Causeway.

A few weeks ago, when DFI Retail Group – the company formerly known as Dairy Farm International –

announced it was selling its Singapore food business,

including the Cold Storage and Giant outlets, to Macrovalue, eyebrows went up around the island. 

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