Central, ICC join Japan's Sumitomo in joint venture | Bangkok Post: business

Business > Telecom

Central, ICC join Japan's Sumitomo in joint venture

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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%).

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