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Far Eastern A-mart Co., Ltd. (Chinese: 遠百企業股份有限公司; pinyin: Yuànbǎi Qǐyè Gǔfèn Yǒuxiàn Gōngsī), doing business as A.mart (Chinese: 愛買; pinyin: Àimǎi), is a hypermarket chain in Taiwan. It is a direct subsidiary of Far Eastern Department Stores,[1] which in turn is part of the Far Eastern Group conglomerate. It has its head office in Zhongzheng District, Taipei.[2][3]
It was previously Far Eastern Geant Co., Ltd. (same corporate name in Chinese),[2] doing business as Far Eastern Geant (T: 愛買吉安/愛買Geant, S: 爱买吉安/爱买Geant, P: Àimǎi Jí'ān).[4]Casino Guichard-Perrachon SA owned a 50% stake in the company.[5] In 2004 it was the third largest hypermarket chain in Taiwan.[4] The store began offering a membership card that year.[6] Casino decided to exit Taiwan in order to focus on Brazil, Thailand, and other rapidly expanding markets in order to gain sales growth more quickly. In September 2006 sold its 50% stake, which was worth $738 million New Taiwan dollars, to Far Eastern Department Stores. In 2006 Far Eastern Geant was still the third largest hypermarket chain in Taiwan, with over NT$13 billion in sales; this was an 11% increase from its 2005 figures. At that time the company was still making losses.[5]
See also[edit]
References[edit]
- ^'2010 Annual Report[permanent dead link].' Far Eastern Department Stores. p. 59. Retrieved on October 25, 2012.
- ^ ab'愛買簡介.' Far Eastern Geant. July 10, 2004. Retrieved on October 25, 2012. '100北市延平南路110號5樓'
- ^'2010 Annual Report[permanent dead link].' Far Eastern Department Stores. p. 62. Retrieved on October 25, 2012. 'Far Eastern AI MAI Co., Ltd. 遠百企業股份有限公司 Head Office 總公司 13F, 110 Yen Ping S. Rd., Taipei 100, Taiwan, R.O.C.'
- ^ abLin, Jackie. 'Far Eastern Geant chief puts a stop to merger talk.' Taipei Times. Monday April 26, 2004. Page 11. Retrieved on October 25, 2012.
- ^ abLin, Jackie. 'Far Eastern Geant sets out aggressive expansion plan.' Taipei Times. Thursday March 22, 2007. Page 11. Retrieved on October 25, 2012.
- ^Lin, Jackie (20 April 2004). 'Far Eastern Geant to offer card'. Taipei Times. Retrieved 19 December 2018.
External links[edit]
- A.mart(in Chinese)
- Far Eastern Géant(in Chinese) (Archive)
Casino Guichard-Perrachon SA CGUSY, -2.27% said Friday that it signed unilateral purchase commitments to sell six of its stores for a total 18.3 million euros ($20.6 million).
The French supermarket company said the sale of its stores, which include one hypermarket, four supermarkets and one Leader Price, is part of its strategy to sell structurally loss-making stores, and should be completed during the second half of 2019.
'The agreements signed provide for the continuation of the employment contracts of the employees of these stores, in accordance with legal rules,' the company said.
Casino Guichard-perrachon Sa
Casino specified that the stores represented a trading loss of roughly three million euros in 2018.
