Central Group is a Thai multinational conglomerate consisting of subsidiaries in retail, property development, brand management, hospitality, and food and beverage sectors.

History

Founder Tiang emigrated from Hainan Island to Bangkok in 1925. He set up his first shop in the Thon Buri district on the outskirts of Bangkok across the Chao Phraya River from the city center. He moved across the Chao Phraya River to a location near the grand Oriental Hotel (now the Mandarin Oriental), where he opened a store with his eldest son, Samrit, in 1947. In 1956, the family opened Central Department Store, the biggest department store in Thailand at that time, in Wang Burapa district, Phra Nakhon, Bangkok. The company's property development arm, Central Pattana, was founded in 1980, and opened its first shopping centre, CentralPlaza Ladprao in Chatuchak District, Bangkok, in 1983. Besides expansion through physical presence in the Bangkok retail space, Central Group has in recent years built an online presence among ASEAN e-tailers and a strong presence of luxury department store collection in Europe.

Key business line

Malls and commercial properties

Central Group has substantial operations in developing Thai retail and commercial properties, and currently holds the largest market share of net leasable area in Thailand. Besides retail, Central Group has also developed offices, co-working spaces and residential projects.

Retail and brands

Retail & Brands is Central Group’s most significant business with investments in Europe and Asia. Fashion: Department stores, lifestyle centers, lifestyle & fashion brands Hardline: Home décor & construction, electronics, office supplies, books & stationery Food: Supermarkets and convenience stores

Hospitality

Central Group owns and manages visitor accommodation at all major Thai tourist destinations and around the world under own banners as well as international brands. Hotels cover every segment from luxury to economy. Central’s own brands comprise Centara Reserve, Centara Grand, Centara Boutique Collection, Centara, Centra by Centara and Cosi, while internationally-branded hotels include Park Hyatt Bangkok and Hilton Pattaya. In Japan, Central Group is a co-investor in StayFactory Hotel Group, whose brands include Hotel Hillarys, Hotel Relief, and Hotel Stork. In Switzerland, Central Group has also comprised Central Hotel Zurich company and Globus supermarket. Central Group has also pioneered restaurant chains in Thailand, and operates well-known local, regional, and international food brands such as Mister Donut, KFC, Auntie Anne’s, Pepper Lunch, Chabuton, The Terrace, Yoshinoya, Ootoya, Tenya, Katsuya and Fezt.

Financial Services & FinTech

One of Central Group's aspirations towards the New Central New Economy strategy is to create convenience for both merchants and consumers with financial services and Fintech, with the ultimate goal of a cashless society in Thailand. Financial Services & Fintech categories: Credit : The1 credit card, sales finance, personal loans Payment : gift cards, e-payments, e-wallets Insurance brokerage : motor, health, personal accident, property & casualty, group life