| File:Giant Hypermarket.gif | |
| Type | Public |
|---|---|
| Founded | Teng family, Kuala Lumpur (1944) |
| Headquarters | Shah Alam, Selangor Darul Ehsan, Malaysia |
| Key people | Teng Family (1944–1999), Founder Ronald J. Floto, CEO Simon Keswick, Chairman Howard Mowlem, GFD |
| Industry | Retail |
| Products | Discount stores, grocery stores, and hypermarkets |
| Owner(s) | Dairy Farm International Holdings |
| Website | http://www.giant.com.my |
Giant Hypermarket is a major supermarket and retailer chain in Malaysia, Singapore, Brunei Darussalam, Indonesia, and UAE. It is a subsidiary of Dairy Farm International Holdings (DFI).
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History
The Giant store brand was founded by the Teng family as a simple grocery store in one of the suburbs of Kuala Lumpur in 1944. Its mission was to offer a wide variety of food products at the lowest possible prices. As its reputation grew, so did its business.
Dairy Farm, which acquired Giant in 1999, recognized that the key to Giant's success had been its ability to continuously offer value for money products. It retained this core principle even as it began transforming Giant into a national and international brand.
After six years of effort, which included redesigning the stores, the introduction of the non-food products into the Giant hypermarkets, the implementation of international retail standards that includes safety, cleanliness, structured training, and a vibrant shopping environment as well as centralized buying functions and improved operations, Dairy Farm has made Giant the undisputed leader in Malaysia’s retail sector.
In 1999, the first Giant Hypermarket store opened in Shah Alam, Selangor. By 2006, the company had grown to operate a total of 86 hypermarkets/supermarkets in Malaysia with outlet size ranging from the 350,000 sq ft (33,000 m2) hypermarket in Shah Alam to the 11,000 sq ft (1,000 m2) supermarket in Bangsar, Kuala Lumpur. The chain also includes 6 stores in Singapore and 17 hypermarkets in Indonesia. Giant hypermarkets offer a wide range of local merchandise, such as fresh local fruits, vegetables, and seafood within a wet market environment.
On March 22, 2008, the first Giant Hypermarket in Brunei Darussalam was opened on Gadong A, Brunei-Muara.
Acquisition by EPF
On Dec1, 2005, The The Employees Provident Fund (EPF) acquired the entire stake in Giant TMC Bhd’s property-owning subsidiary Hartanah Progresif Sdn Bhd for RM382 million. Under an agreement signed on Dec 1, the EPF will enter into a leasehold agreement with Giant TMC for 10 to 15 years. Dairy Farm Giant Retail CEO John Coyle (left) and EPF GM of Property Investment Department-Operation Mohamad Lotfy Mohamad Noh sealed the deal, witnessed by Domestic Trade and Consumer Affairs Minister Datuk Mohd Shafie Apdal and Dairy Farm Group chief executive Ron Floto.
Gallery
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References
- The Edge Daily, Dec 1, 2005
External links
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This article does not cite any references or sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (December 2007) |
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