{"id":128,"date":"2016-02-19T07:02:44","date_gmt":"2016-02-19T07:02:44","guid":{"rendered":"http:\/\/blogs.isb.edu\/centre-for-family-enterprise\/?p=128"},"modified":"2025-12-31T09:44:37","modified_gmt":"2025-12-31T09:44:37","slug":"a-tale-of-one-company-and-three-business-families","status":"publish","type":"post","link":"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/02\/19\/a-tale-of-one-company-and-three-business-families\/","title":{"rendered":"A Tale Of One Company And Three Business Families"},"content":{"rendered":"<div>\n<p>Big C, or Big C Supercenter, is a grocery and general merchandising retailer headquartered in Bangkok, Thailand. With 697 stores, a market capitalization of $4.60 billion, it is Thailand&#8217;s second-largest hypermarket operator after Tesco. It has operations in three countries &#8211; Thailand, Vietnam and Laos. The chain of stores was started in 1993 by the Central Group of Companies, a family owned conglomerate holding company in Thailand.<\/p>\n<p>The French retailer Casino Group, owned by the Naouri and Guichard families, bought a majority stake in Big C in 1999, during the Asian Financial Crises. This recapitalization not only strengthened the financials of Big C but also helped it to improve operations and expand globally. Led by Casino\u2019s controlling shareholder Jean-Charles Naouri, the group is dangerously leveraged with over $6.7 billion of debt on recent fourth-quarter sales of $13.4 billion. Facing pressure from investors, the group made commitments to sell $4.5 billion in assets this year.<\/p>\n<p>As part of this restructuring Casino Group, has agreed to sell its majority stake in Big C for $3.4 billion to Thailand\u2019s TCC Group \u2013 controlled by Thai tycoon Charoen Sirivadhanabhakdi and family. Charoen Sirivadhanabhakdi heads one of the most influential and politically connected family businesses in Thailand. This sale is sure to take Big C to even greater heights in the near future.<\/p>\n<p><i>Source: https:\/\/en.wikipedia.org\/wiki\/Big_C<\/i><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Big C, or Big C Supercenter, is a grocery and general merchandising retailer headquartered in Bangkok, Thailand. With 697 stores, a market capitalization of $4.60 billion, it is Thailand&#8217;s second-largest hypermarket operator after Tesco. It has operations in three countries &#8211; Thailand, Vietnam and Laos. The chain of stores was started in 1993 by the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false},"categories":[2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A Tale Of One Company And Three Business Families - Thomas Schmidheiny Centre for Family Enterprise<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blogs.isb.edu\/centre-for-family-enterprise\/2016\/02\/19\/a-tale-of-one-company-and-three-business-families\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Tale Of One Company And Three Business Families - Thomas Schmidheiny Centre for Family Enterprise\" \/>\n<meta property=\"og:description\" content=\"Big C, or Big C Supercenter, is a grocery and general merchandising retailer headquartered in Bangkok, Thailand. With 697 stores, a market capitalization of $4.60 billion, it is Thailand&#8217;s second-largest hypermarket operator after Tesco. It has operations in three countries &#8211; Thailand, Vietnam and Laos. 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