Lucky sells big stake to Asian retail giant
Big Asian retailer Dairy Farm Group has formed a joint venture with Cambodia’s Lucky Market Group, the operator of Lucky Supermarket and Lucky Burger, according to an announcement yesterday. LMG, which opened its first supermarket in 1993, will join a stable of brands already controlled by Dairy Farm, including Cold Storage, Giant and Guardian in Malaysia and Hero in Indonesia. “Many Cambodians grew up expecting quality products and food from our businesses all these years,” LMG executive chairman Heng Hang Meng said in the statement. …
