Tuesday, May 15, 2012: 09:00:34 PM

Global News

Dairy Farm Group forms JV with Lucky Market Group

Dairy Farm Group (DFG), one of Asiaís biggest retail chain operators has formed a Joint Venture with Cambodiaís Lucky Market Group. DFG, a member of the Jardine Matheson Group, is a leading Pan-Asian retailer which processes food, wholesales food and personal hygiene products. The Lucky Group is one of Cambodiaís leading retailers, since opening its first supermarket in 1993. Currently the Lucky Group operates Lucky Supermarket and Lucky Burger and will join Dairy Farmís brandsóCold Storage, Giant and Guardian in Malaysia and Hero in Indonesia. The joint venture between the two retailers will be a great platform to tap into Cambodiaís developing economy. It increases the number of territories for the LMG to 11 in Asia. As per its earning report for the year 2011, LMG has agreed to acquire a 70 percent equity interest in Cambodiaís supermarket chain.

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