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Multinational Store Chain Delays New Branch Opening in Thailand.
Bangkok Post (Bangkok, Thailand)
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August 02, 2002 |
COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
Aug. 2--Yielding to the demands of local retailers, Tesco Lotus has agreed verbally to delay its plan to open a new branch in Chanthaburi until the new Retail Act takes effect, according to small traders who are protesting against the company's planned expansion to the province.
The decision marked the first successful effort by small retailers to curb the aggressive expansion of a multinational store chain, partly because the local traders were quick to launch their campaigns before the actual investment was made.
About 300 Chanthaburi traders yesterday took buses to Bangkok to submit an open letter to the Tesco Lotus president. The letter expressed ...
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Source: HighBeam Research, Multinational Store Chain Delays New Branch Opening in Thailand.