Central Retail Corporation (CRC), the country's largest retail chain, is spreading its presence in Europe by acquiring Illum, a 122-year-old department store in Denmark.
Illum, the Danish department store CRCjust bought, will receive a 2-billionbaht makeover. Illum targets medium-tohigh- end customers and has sales of about 5 billion baht per year.
The move is part of its plan to double its business size overseas to 50 billion baht in the next four to five years.
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