The Japanese Sumitomo Corporation has joined Central Department Store Co and the Saha Group subsidiary ICC International Plc to explore business opportunities in the 10-billion-baht TV shopping business in Thailand.
From left: Shigeru Ohashi, president and CEO of Shop Global (Thailand) Co; YuwadeeChirathivat, president of Central Department Store Co; Kenji Shinmori, general manager at Sumitomo Corporation; and Boonkiet Chokwatana, president of ICC.
A joint venture called Shop Global (Thailand) Co has been set up with registered capital of 600 million baht, with Sumitomo holding 40%. The rest is held by Central Department Store (30%) and ICC International (30%).
This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.