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Company type | Private |
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Industry | Food retailing |
Headquarters | Thailand |
Website | www |
Tops is a grocery chain in Thailand. Co-founded by the then-parent of U.S.-based Tops Markets LLC, the chain is operated under the name Tops Supermarket in Thailand by Central Food Retail, a subsidiary of Central Retail Corporation. In addition to Tops Supermarket, some branches are called Tops Superstore, Tops Market, Tops Market Food & Wine, Tops Daily and Central Food Hall. It is the largest supermarket chain in Thailand and operates 120 stores nationwide.
The company was established as CRC Ahold Co., Ltd. in 1996 by integration of Robinson Department Store and Central Group supermarket business and formed a joint venture with Royal Ahold Co., Ltd., a Netherlands-based supermarket operator, owning a 49 percent stake. [1] [2] The stores were renamed Tops Supermarket, [3] [4] [5] which Ahold borrowed from its U.S. supermarket holding, Tops Markets, but did not reuse its red diamond logo. [3] In December 1996 and 1998, Robinson sold all of its invested shares to Ahold. [1] In 2004, Ahold sold its stake to Central as part of the Dutch company's withdrawal from Asia. [6]
In 2004, Central converted 20 former Food Lion locations to Tops after their parent, Delhaize Group, closed its Thailand supermarket operations. [7] [8] In 2023, Central's franchise agreement with Japan's convenience store chain FamilyMart ended, and its roughly 200 FamilyMart stores in Thailand were to be converted to the Tops Daily brand. [9]
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While Ahold will borrow the Tops name for its new Asian division, it will not be using the familiar red diamond logo, or the full trademark Tops Friendly Markets title.
The two-year-old joint venture, CRC Ahold, operates Tops Supermarket, which currently has 38 branches in Thailand.
For the past 25 years, Central Food Retail Company Limited has stood firmly by consumers in Thailand through countless moments since 1996 as a pioneer and changemaker of the supermarket industry in Thailand, with the launch of what was then known as Tops Supermarket, the first brand in Thailand to receive Asian supermarket standard.