Petaling Jaya, April 14 \u2013 Village Grocer Holdings Sdn Bhd (VGH), the owner of premium supermarket chain Village Grocer, yesterday announced that it has acquired 100% stake in Bens Independent Grocer Sdn Bhd (B.I.G.) from BIG Sdn Bhd (The Big Group).\u00a0<\/p>\n
The acquisition sees VGH gaining control over B.I.G.\u2019s chain of grocery outlets, further strengthening VGH\u2019s position as one of the leaders within the premium grocery segment, with VGH and B.I.G. having a total of 13 outlets and combined annual revenue of approximately RM560.0 million.\u00a0<\/p>\n
The Big Group is divesting its retail grocery business to focus on and grow its F&B business which has a stable of widely recognizable brands under its umbrella.<\/p>\n
VGH Group Executive Chairman, Ong Kim Too said, \u201cThe acquisition of B.I.G. is a strategic business decision that fits in very well with our long term growth and expansion plans within the premium grocery market. Both Village Grocer and B.I.G. have very strong, distinct identities and have through the years attracted strong consumer followings respectively. With this acquisition, we have an opportunity of extracting procurement and operational synergies to better serve a growing market segment. Most importantly, we are able to provide the increasingly discerning Malaysian consumers with a wider range of local as well as imported products that are of the highest quality, freshness and value.\u201d<\/p>\n
Following the acquisition, both Village Grocer and B.I.G. will continue to exist and operate as two separate brands, and B.I.G. will continue to be run by its present management team.<\/p>\n
Benjamin Yong, Founder and Group Chief Eating Officer of The Big Group, said, \u201cB.I.G. has managed to grow to where it is today within a relatively short period of time and we are confident that Village Grocer Holdings are able to grow the brand further. We are extremely excited for the next phase of B.I.G.\u2019s evolution.\u201d<\/p>\n
Both Village Grocer and B.I.G. have been growing steadily over the years recording double digit growth.<\/p>\n
Ong added, \u201cExpansion plans for both brands are in the pipeline and we are targeting to open a few more outlets in, and outside of, the Klang Valley over the next 18 months.\u201d<\/p>\n
Founded in 2004 with its first Village Grocer outlet in Bangsar Village mall, VGH today operates a total of ten (10) outlets in the Klang Valley including its recently opened ones at MyTOWN Shopping Centre in Cheras and KL Gateway Mall in Bangsar South.\u00a0<\/p>\n
B.I.G. was founded in 2011 and its outlets are located in Publika Shopping Gallery, Plaza Batai and Glo Damansara. \u00a0<\/p>\n
\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"
Petaling Jaya, April 14 \u2013 Village Grocer Holdings Sdn Bhd (VGH), the owner of premium supermarket chain Village Grocer, yesterday announced that it has acquired 100% stake in Bens Independent Grocer Sdn Bhd (B.I.G.) from BIG Sdn Bhd (The Big Group).\u00a0 The acquisition sees VGH gaining control over B.I.G.\u2019s chain of grocery outlets, further strengthening […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"class_list":["post-340","post","type-post","status-publish","format-standard","hentry","category-corporate"],"_links":{"self":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/340","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/comments?post=340"}],"version-history":[{"count":1,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/340\/revisions"}],"predecessor-version":[{"id":6369,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/posts\/340\/revisions\/6369"}],"wp:attachment":[{"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/media?parent=340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/categories?post=340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/malaysian-business.com\/portal\/wp-json\/wp\/v2\/tags?post=340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}