CRC Partners with ICC to Set Up New Company, Expanding Fashion Brand Portfolio

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2▲2 ▼0Impact / 5
Summary · why it matters

Central Retail Corporation Public Company Limited, or CRC, informed the Stock Exchange of Thailand that Central Trading Company Limited, a wholly-owned subsidiary of CRC, has joined with ICC International Public Company Limited, or ICC, to establish a new company named Heritage Croc Thailand Company Limited. Central Trading holds an 80 percent stake, while ICC holds 20 percent. The establishment of this company aims to expand the fashion brand business portfolio and strengthen the growth potential of CRC's fashion business group. The new company will engage in the import and distribution of fashion products under the Lacoste brand in Thailand.

Impact on assets 2

Consumer Discretionary▲ · 2 stocks

Off-coverage companies 2

Central Trading Co., Ltd. (เซ็นทรัลเทรดดิ้ง)Private▲ Positive
Demandrelevance

Central Trading, as wholly-owned subsidiary of CRC, is the majority partner in the joint venture, directly involved in expanding fashion brand portfolio.

Heritage Croc (Thailand) Co., Ltd. (เฮอริเทจ คร็อก (ประเทศไทย))Private▲ Positive
Demandrelevance

Heritage Croc Thailand is the newly established company that will import and distribute Lacoste products, benefiting from the partnership.

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