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Auchan announces 100% acquisition of Giant supermarket at Crescent Mall in February 2018 in its half-yearly annual report.
Auchan has acquired Giant which was previously owned by Dairy Farm International (DFI). The store is located in an affluent residential area in district 7. The store is 3,500 sq m and has been opened since 2011. It was the only Giant hypermarket owned by DFI in Vietnam.
Auchan started in Vietnam with supermarkets in 2015. The retailer opened three My Auchan convenience stores last year. Besides the acquisition of Giant, it has also launched an online service this year. We believe that the retailer is still experimenting with different formats in this market which presents many growth opportunities.
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