Singapore Cold Storage, Giant customers can expect cheaper products, more variety after takeover, Malaysian buyer says

SINGAPORE: Customers of Cold Storage and Giant can expect more value for money, a greater variety of merchandise and new outlets following the sale of the supermarket chains to Malaysian retail group Macrovalue.

DFI Retail Group, which owns Cold Storage and Giant in Singapore, on March 24 announced that it will sell all 48 Cold Storage and 41 Giant outlets, as well as two distribution centres, to Macrovalue for S$125 million (US$93.38 million). The brands under Cold Storage include CS Fresh, CS Gold and Jason’s Deli.