Village Grocer takes over Bens Independent Grocer

The Village Grocer chain currently has three outlets, and will add a fourth in Atria at Damasara Jaya at the end of May.

KUALA LUMPUR: Village Grocer Holdings Sdn Bhd (VGH) has acquired a 100% stake in Bens Independent Grocer Sdn Bhd (B.I.G) and aims to expand both brands by opening a few more outlets in and outside the Klang Valley over the next 18 months.

Group executive chairman Ong Kim Too said the acquisition of B.I.G is a strategic business decision that fits in very well with the group’s long term growth and expansion plans within the premium grocery market.

“Both Village Grocer and B.I.G have very strong, distinct identities. Through the years, both have attracted strong consumer followings respectively,” he said in a statement.

He said with this acquisition, VGH has an opportunity of extracting procurement and operational synergies to better serve a growing market segment.

The acquisition sees VGH gaining control over B.I.Gs chain of grocery outlets, further strengthening its position as one of the leaders within the premium grocery segment.

Both VGH and B.I.G have together 13 outlets and a combined annual revenue of about RM560mil.

The BIG group is divesting its retail grocery business to focus on and grow its F and B business which has a stable of widely recognisable brands under its umbrella.

Founded in 2004 with its first Village Grocer outlet at the Bangsar Village Mall here, VGH today operates ten outlets in the Klang Valley, including its recently opened ones at MyTOWN Shopping Centre in Cheras and KL Gateway Mall in Bangsar South.

Meanwhile, B.I.G was founded in 2011 and its outlets are located at the Publika Shopping Gallery, Plaza Batai and Glo Damansara -  Bernama. 
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Going gets tough for Malaysia ahead of 2023
Asia’s inflation still moderate
Steady residential sector
Bermaz rides on buoyant car sales
Headline inflation for August hits 4.7% year-on-year
Steel makers fear deepening crisis
Prospects for Covid-19 vaccine companies diminish
Short position: Glove makers, MREITs
No intervention likely to actively boost ringgit
Islamic fintech growing fast in the country

Others Also Read