Store expansion plans agreement postponed in Thailand

Planet Retail   14 September 2006

The Thai government yesterday failed to convince large store chains to curb their store expansion plans. The signature of a pact presented by the Commerce Ministry to 15 retailers, including Tesco Lotus, Carrefour and Casino owned Big C, has had to be postponed to next Wednesday. "We summoned store operators to sign a memorandum of understanding (MoU) today, but they have not responded to our request because several companies, especially Tesco, said they did not know what was in the MoU," Deputy Commerce Minister Preecha Laohapongchana told reporters. "We'll give them a week to study it and if they still decline to sign, we will issue a ministerial regulation to make them comply in two weeks."

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