Central Group
| Central Group | |
|---|---|
| legal form | Holding |
| founding | 1947 |
| Seat | Bangkok , Thailand |
| management | Tos Chirathivat (Executive Chairman, CEO) Suthichai Chirathivat (Chairman of the Board of Directors) |
| Number of employees | 66,000 as of 2013 |
| Branch | Department stores / retail , hotel and hospitality, real estate and project development |
| Website | www.centralgroup.com |
The Central Group ( Thai กลุ่ม เซ็นทรัล , RTGS Klum Senthran ) or Central Holding , based in Bangkok ( Thailand ), is an internationally active conglomerate with a focus on retail , hotels, restaurants and real estate. It is best known for its department store chains and shopping centers. The group is owned by the Chirathivat family, one of the richest families in Thailand .
history
Tiang Chirathivat ( เตียง จิ รา ธิ วั ฒ น์ ; Chinese Jeng Nee Tiang or Cheng Ni Tiang , 鄭 汝 常 / 郑 汝 常 , Zheng Ruchang (Mandarin)), a Chinese immigrant from Hainan , began building the Central Group in 1947 . Tiang opened a trading business in Bangkok's Samphanthawong district , the Chinese district of the Thai capital. In 1956, Central Department Store opened its first department store on Wang Burapha in the Phra Nakhon downtown district . After Tiang's death in 1968, his eldest son Samrit took over the reins. Tiang had a total of 26 children from three women.
Subsidiaries
The group’s project development subsidiary , Central Pattana , founded in 1980 , opened CentralPlaza Lardprao, the group’s first large shopping center , in 1982/1983 , which was one of the first of its kind in Thailand. Central Pattana now operates CentralWorld at the Ratchaprasong intersection in the Pathum Wan district , with a total area of 800,000 m², the largest shopping center in Thailand and one of the largest in the world, as well as 24 other shopping centers of the CentralPlaza and CentralFestival chains in Thailand (as of 2014).
The retail subsidiary Central Retail Corporation includes the department store chains Central Department Store , ZEN , Robinson , La Rinascente (since 2011) and Illum (since 2013) with branches in Thailand, China, Italy, Indonesia and Denmark; also smaller shopping centers and specialist markets. She is a franchisee for overseas retail chains in Thailand, u. a. Marks & Spencer , Sanrio and Muji .
The 57 hotels (as of the end of 2017) of Central Plaza Hotel pcl , another subsidiary of the group , operate as Centara Hotels and Resorts . They are located in cities and holiday regions in Thailand, the Maldives , Vietnam , Sri Lanka , Bali , Laos , China and the Arabian Gulf States . The Centara Grand Hotel right next to Central World is one of the tallest skyscrapers in Bangkok with 235 meters and 56 floors.
The Central Restaurant Group operates primarily as a franchisee for various international fast-food and system catering chains in Thailand, including KFC and Mister Donut .
In 1993 the Central Group founded the hypermarket and discounter chain Big C (Supercenter) , which has been partially owned by Central and the French Géant Casino since the Asian financial crisis of 1997 .
In 2006 the King of Thailand gave the Central Group the authority to display the royal Garuda emblem .
In 2012, after the acquisition of FamilyMart Thailand, the Central Food Retail Group organized the supermarkets and mini-markets that had previously belonged to Central Retail.
Takeover of Karstadt Premium GmbH
In June 2015, the Central Group acquired three department stores in Germany: KaDeWe in Berlin, Oberpollinger in Munich and Alsterhaus in Hamburg, which were previously part of Karstadt Premium GmbH . The Central Group is now a partnership with Signa Holding of René Benko received. Through its Italian subsidiary La Rinascente, the Central Group acquired 50.1% of the KaDeWe Group (officially The KaDeWe Group ) to which the three aforementioned department stores belong, while Signa retains the remaining 49.9% of the shares. Strategic decisions are to be coordinated together with Signa Holding and the daily business of the KaDeWe Group remains in the administrative center in Berlin, which was founded in 2014.
Takeover of the magazine for Globus AG
In June 2019, Migros announced that it would be selling the luxury brand Magazine zum Globus . On February 4, 2020 it was announced that Central Group will take over Globus, together with Signa Holding from René Benko .
Ownership and leadership
The Central Group is a family holding company of the branched family Chirathivat. This is regularly mentioned by the American Forbes Magazine as one of the top places on the list of the richest Thai people . In 2014 she was number 1 on the list with an estimated fortune of 12.7 billion US dollars, in 2015 she was only third with 12.3 billion. Due to the large number of family members, the fortune is distributed among a large number of people .
The chairman and chief executive officer (CEO) of the Central Group has been Tos Chirathivat ( ทศ จิ รา ธิ วั ฒ น์ ), son of Samrit and grandson of Tiang Chirathivat, who was previously CEO of Central Retail Corporation. Chairman of the Board of Directors has been Suthichai Chirathivat ( สุทธิ ชัย จิ รา ธิ วั ฒ น์ ), one of Tiang's sons, since 2004. Family members are also at the top of most subsidiaries.
Web links
- Central Group website
- Toru Takahashi: Chirathivat conglomerate's meteoric rise. In: Nikkei Asian Review , April 10, 2014.
Individual evidence
- ↑ Jean Baffie: Les Hainanais de Thaïlande. Une minorité tournée vers Bangkok plus que vers Haikou. In: Claudine von Salmon, Roderich Ptak, Shing Müller (eds.), Hainan. From China to Southeast Asia. Harrassowitz Verlag, Wiesbaden 2001, ISBN 978-3-447-04462-2 , pp. 255–296, on p. 263, online excerpt from Google Books .
- ↑ Natenapha Wailerdsak, Akira Suehiro: business groups in Thailand. In: Asli M. Colpan, Takashi Hikino, James R. Lincoln (eds.), The Oxford Handbook of Business Groups. Oxford University Press, Oxford / New York 2010, ISBN 978-0-19-955286-3 , pp. 237–266, at pp. 252–253, online excerpt from Google Books .
- ↑ Toru Takahashi: Chirathivat conglomerate's meteoric rise. In: Nikkei Asian Review (Online), April 10, 2014.
- ↑ Bret Federigan: Largest Shopping Malls in the World. In: Colliers International Insights , November 25, 2014.
- ↑ Central Pattana public company limited: Annual Report 2014 , pp. 269-271.
- ^ Central Group: About Us. In: centralgroup.com , accessed June 12, 2015.
- ↑ Central Group acquire three premium department stores in Germany
- ^ "The KaDeWe Group" - Karstadt investor accelerates growth in the premium segment. In: Handelsblatt (online), September 10, 2014.
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^ Thomas Thieme: KaDeWe Group - Karstadt owner forges premium alliance. In: Stuttgarter Zeitung (online), June 9, 2015.
New co-owner also wants KaDeWes in Vienna and Prague - half of KaDeWe sold to Italian group. ( Memento of the original from June 12, 2015 in the web archive archive.today ) Info: The archive link was automatically inserted and not yet checked. Please check the original and archive link according to the instructions and then remove this notice. In: rbb (online), June 9, 2015. - ↑ Naazneen Karmali: Thailand's 50 Richest 2014 - Some Win, Some Lose Amid Political Strife. In: Forbes Asia , June 2014.
- ^ Chirathivat family. In: 2015 Thailand's 50 Richest , Forbes (Online), accessed June 12, 2015.
- ↑ Executive Profile: Tos Chirathivat. In: Bloomberg Business , accessed June 12, 2015.
- ↑ Executive Profile: Suthichai Chirathivat. In: Bloomberg Business , accessed June 12, 2015.
- ↑ Central Group's Management. In: Central Group , accessed June 12, 2015.
