M’sian group to buy Cold Storage, Giant in S’pore

SINGAPORE: All Cold Storage and Giant supermarket outlets in Singapore will be sold to Malaysian retail group Macrovalue for an initial price of S$125mil (RM414mil).

Current owner DFI Retail Group and Macrovalue said yesterday that the deal covers all 48 Cold Storage stores here – including those under the CS Fresh, CS Gold and Jason’s Deli brands – and 41 Giant outlets, as well as two distribution centres.