Dairy plans Indonesian outlet

Sat, 08 Jul 2000 | Source: AFP

SINGAPORE (AFX-ASIA): Dairy Farm International Holdings Ltd said it is planning to open 10 hypermarkets in Singapore, Malaysia and Indonesia over the next three years through unit Giant TMC Bhd.

"We are looking to open up to 10 hypermarkets in Singapore, Malaysia and perhaps Indonesia over the next three years," Dairy Farm chief executive Ronald Floto said at the official launch the company's first Giant Hypermarket in Singapore.

There is room in Singapore for an additional two to three more hypermarkets, he said.

Start-up costs of one hypermarket in Singapore are estimated at US$4 million, he said.

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