Central Group

Last updated
Central Group
กลุ่มเซ็นทรัล
Company typeFamily-owned holding company
IndustryRetail, Property development, Brand management, Hospitality, Food and beverage, Digital lifestyle
Founded1947
Founder Tiang Chirathivat, Samrit Chirathivat
Headquarters Bangkok, Thailand
Area served
Asia
Indonesia
Japan
Malaysia
Maldives
Sri Lanka
Thailand
Vietnam

Europe
Denmark
Germany
Ireland
Italy
Netherlands
Switzerland
United Kingdom
Key people
Tos Chirathivat, Executive Chairman and CEO
Products Shopping centers, department stores, restaurants, hotels.
Number of employees
80,000 [1]
Subsidiaries Central Pattana PLC (SET:  CPN)
Central Plaza Hotel PLC (SET:  CENTEL)
Central Retail Corporation PLC (SET:  CRC)
Website CentralGroup.com

Central Group is a Thai multinational conglomerate consisting of subsidiaries in retail, property development, brand management, hospitality, and food and beverage sectors.

Contents

History

Founder Tiang emigrated from Hainan Island to Bangkok in 1925. He set up his first shop in the Thon Buri district on the outskirts of Bangkok across the Chao Phraya River from the city center. He moved across the Chao Phraya River to a location near the grand Oriental Hotel (now the Mandarin Oriental), where he opened a store with his eldest son, Samrit, in 1947. [2] In 1956, the family opened Central Department Store, the biggest department store in Thailand at that time, in Wang Burapa district, Phra Nakhon, Bangkok. The company's property development arm, Central Pattana, was founded in 1980, and opened its first shopping centre, CentralPlaza Ladprao in Chatuchak District, Bangkok, in 1983. Besides expansion through physical presence in the Bangkok retail space, Central Group has in recent years built an online presence among ASEAN e-tailers and a strong presence of luxury department store collection in Europe.

Key business line

Central Embassy, Pathum Wan, Bangkok Central Embassy.jpg
Central Embassy, Pathum Wan, Bangkok

Malls and commercial properties

Central Group has substantial operations in developing Thai retail and commercial properties, and currently holds the largest market share of net leasable area in Thailand. Besides retail, Central Group has also developed offices, co-working spaces and residential projects.

NameOpeningTotal Project

GFA

Location
Central Ladprao December, 1982310,000 Bangkok
Central Ramindra November, 199386,000Bangkok
Central Pinklao March, 1995370,000Bangkok
Central Marina July, 1995 [3] 70,000 Pattaya
Central Chiangmai Airport March, 1996250,000 Chiang Mai
Central Rama III October, 1997188,000Bangkok
Central Bangna December, 2001500,000Bangkok
Central Rama II December, 2002273,000Bangkok
centralwOrld December, 2002830,000Bangkok
Central Rattanathibet December, 2003140,000 Nonthaburi
Central Chaengwattana November, 2008310,000 Nonthaburi
Central Pattaya January, 2009210,000 Pattaya
Central Udon April, 2009250,000 Udon Thani
Central Chonburi May, 2009156,000 Chonburi
Central Khonkaen December, 2009200,000 Khon Kaen
Central Chiangrai March, 2011110,000 Chiang Rai
Central Phitsanulok October, 2011100,000 Phitsanulok
Central Rama IX December, 2011214,000Bangkok
Central Suratthani October, 2012130,000 Surat Thani
Central Lampang November, 2012110,000 Lampang
Central Ubon April, 2013186,284 Ubon Ratchathani
Central Chiangmai November, 2013260,000 Chiang Mai
Central HatyaiDecember, 2013295,000 Songkhla
Central Samui March, 201476,000 Ko Samui
Central Embassy (Mixed Use Development)May, 20141,000,000+ Bangkok
Central Salaya August, 2014185,500 Nakhon Pathom
Central Rayong May, 2015155,000 Rayong
Central WestGate August, 2015352,000 Nonthaburi
Central EastVilleOctober, 201590,000Bangkok
Central Nakhon Si July, 2016125,000 Nakhon Si Thammarat
Central Korat November, 2017233,000 Nakhon Ratchasima
Central Mahachai November, 2017131,250 Samut Sakhon
Central Phuket – FlorestaSeptember, 2018300,000 Phuket
Central i-City [lower-alpha 1] March, 2019259,000 [4] Shah Alam, Malaysia
Central Village Luxury OutletAugust, 201980,000 Samut Prakan
Central Si RachaOctober, 2021140,000 Chonburi
Central Ayutthaya November, 2021160,000 Ayutthaya
Central ChanthaburiMay, 202292,000 Chanthaburi
Central WestVilleNovember, 202393,000 Nonthaburi
Central Nakhon SawanJanuary, 2024133,300 Nakhon Sawan
Central Nakhon PathomMarch, 2024126,000 Nakhon Pathom
Central Krabi202546,500 Krabi
  1. Central i-City, despite managed by CPN, is the only mall that didn't feature Central Department Store or any Central Group retail stores.

Retail and brands

Retail & Brands is Central Group’s most significant business with investments in Europe and Asia.

Fashion: Department stores, lifestyle centers, lifestyle & fashion brands

Hardline: Home décor & construction, electronics, office supplies, books & stationery

Food: Supermarkets and convenience stores

ChainsCountryBranches
Central Department Store Thailand 22 (In 2019, Zen Department Store was rebranded as Central [5] )
Indonesia 1 (Opened first at Grand Indonesia in 2014, then opened its second branch at Neo Soho in 2016, but Neo Soho branch closed down from February 18. 2019 due to low sales.) [6]
Robinson Department Store (Robins in Vietnam) Thailand 50 [7]
Vietnam 2
La Rinascente Italy 9
Illum [lower-alpha 1] Denmark 1 (Copenhagen)
Alsterhaus [lower-alpha 1] Germany 1 (Hamburg)
KaDeWe [lower-alpha 1] Germany 1 (Berlin)
Oberpollinger [lower-alpha 1] Germany 1 (Munich)
Globus [lower-alpha 1] Switzerland 7
Selfridges [lower-alpha 1] England4
Brown Thomas [lower-alpha 1] Ireland5 (6 including BT2 Blanchardstown)
Arnotts [lower-alpha 1] 1 (Dublin)
De Bijenkorf [lower-alpha 1] Netherlands7
  1. 1 2 3 4 5 6 7 8 9 In partnership with Signa Holding

Hospitality

Central Group owns and manages visitor accommodation at all major Thai tourist destinations and around the world under own banners as well as international brands. Hotels cover every segment from luxury to economy. Central’s own brands comprise Centara Reserve, Centara Grand, Centara Boutique Collection, Centara, Centra by Centara and Cosi, while internationally-branded hotels include Park Hyatt Bangkok and Hilton Pattaya. In Japan, Central Group is a co-investor in StayFactory Hotel Group, whose brands include Hotel Hillarys, Hotel Relief, and Hotel Stork.

Central Group has also pioneered restaurant chains in Thailand, and operates well-known local, regional, and international food brands such as Mister Donut, KFC, Auntie Anne’s, Pepper Lunch, Chabuton, The Terrace, Yoshinoya, Ootoya, Tenya, Katsuya and Fezt. [8]

Financial Services & FinTech

One of Central Group's aspirations towards the New Central New Economy strategy is to create convenience for both merchants and consumers with financial services and Fintech, with the ultimate goal of a cashless society in Thailand.

Financial Services & Fintech categories:

Credit : The1 credit card, sales finance, personal loans

Payment : gift cards, e-payments, e-wallets

Insurance brokerage : motor, health, personal accident, property & casualty, group life [9]

See also

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References

  1. "Achievements: Employees". Central Group. Retrieved 2022-02-11.
  2. Ono, Yukako (10 September 2017). "For Thailand's retail giant Central Group, it is no longer all in the family". Nikkei Asian Review. Retrieved 10 September 2017.
  3. "Central Marina | Central Pattana (CPN)". www.centralpattana.co.th. Retrieved 2023-11-08.
  4. "Central i-City". www.cpn.co.th. Retrieved 2018-10-22.
  5. "CENTRAL GROUP on Instagram: "[#CGUPDATE] เปลี่ยนคุณให้เป็นอีกคน เริ่มต้นความสนุกครั้งใหม่ กับ ZEN ที่เปลี่ยนชื่อเป็น CENTRAL @ centralwOrld แล้ววันนี้ #CENTRALGroup…"". Instagram. Archived from the original on 2021-12-24. Retrieved 2019-11-29.
  6. Image imggmi.com Archived 2019-01-11 at the Wayback Machine
  7. "Store Location". Robinson Department Store. Retrieved 4 January 2019.
  8. "Hospitality". www.centralgroup.com. Retrieved 19 November 2023.
  9. "Financial Services & FinTech". www.centralgroup.com. Retrieved 2023-08-03.