ASEAN KEY DESTINATIONS
Arson-hit mall reopens
CPN plans to spend 150 million baht on marketing activities to promote the shopping complex. Of the total, about 15-20 percent is designated to bring back foreign tourists to CentralWorld.
Sales of CPN this year are expected to reach 11-12 billion baht, a 10 percent increase from 2009. Suthichai Chirathivat, Central Group's executive chairman, also confirmed for the first time yesterday that the group was interested in acquiring the Thai assets of the Carrefour hypermarket chain worth 16-19 billion baht.
Mr. Suthichai said the group has a special budget for the Carrefour acquisition in addition to its normal expansion investment. The company has not decided whether to use the Carrefour name if it wins.
Next year, the group will spend 16 billion baht to expand its retail business, the same amount as this year. Central Retail Corporation (CRC) will also start its retail project on the leased land plot next door to the United Kingdom Embassy in Bangkok by mid-2011.
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