Updated Aug 10, 2026
/Bitmine Buys 7,391 ETH for $14M as Cash Falls 78% in Four Weeks/Eldridge acquires 50% of Sudolabs to deploy AI at Chelsea and A24/Central Food Retail to acquire Aeon Thailand, adding 30 MaxValu stores to Tops network/Micron Trades at 6 Times Next-Year Earnings as SK Hynix's $38 Billion in New Capacity Stays Years Away/Cashelix Launches Audited CASX Token Presale With Fixed Hard Caps for Blockchain Payments/North Korea's Kimsuky uses generative AI to craft phishing documents targeting crypto and finance/Bitmine Buys 7,391 ETH for $14M as Cash Falls 78% in Four Weeks/Eldridge acquires 50% of Sudolabs to deploy AI at Chelsea and A24/Central Food Retail to acquire Aeon Thailand, adding 30 MaxValu stores to Tops network/Micron Trades at 6 Times Next-Year Earnings as SK Hynix's $38 Billion in New Capacity Stays Years Away/Cashelix Launches Audited CASX Token Presale With Fixed Hard Caps for Blockchain Payments/North Korea's Kimsuky uses generative AI to craft phishing documents targeting crypto and finance
NewsSOS
← NewswireDeals

Central Food Retail to acquire Aeon Thailand, adding 30 MaxValu stores to Tops network

BANGKOK, August 10. A Bt890 million ($26.9 million) deal will hand Central Food Retail full ownership of Aeon (Thailand), the Thai supermarket arm of Japan's Aeon Group, adding 30 stores to the buyer's Tops-branded network. The MaxValu chain has operated in Thailand since 1984, when Aeon established its Thai forerunner, Siam Jusco.

By Naomi Osei2 min read
Share

Key takeaways

  • Central Food Retail (CFR) will acquire full ownership of Aeon (Thailand) in a Bt890 million ($26.9 million) deal, adding 30 MaxValu stores to its Tops network.
  • Every Aeon outlet will be rebranded under the Tops name, and Aeon (Thailand) will transfer its business operations and staff to CFR's parent company, Central Retail.
  • The deal includes land assets and a ready-to-eat processing centre, and will be funded from Central Retail's own cash flow.
  • CFR expects the acquisition to bring in more than 900,000 customers and extend its supermarket footprint into new locations.
  • The sale reflects Aeon's FY26-FY30 plan to focus Thailand on finance, entertainment, and health and wellness, while naming Vietnam its top ASEAN retail market.

BANGKOK, August 10. A Bt890 million ($26.9 million) deal will hand Central Food Retail full ownership of Aeon (Thailand), the Thai supermarket arm of Japan's Aeon Group, adding 30 stores to the buyer's Tops-branded network. The MaxValu chain has operated in Thailand since 1984, when Aeon established its Thai forerunner, Siam Jusco.

Scope and structure of the deal

Aeon (Thailand)'s registered capital stands at Bt890 million, with each share carrying a par value of Bt100. CFR will acquire the entire registered capital. On completion, Aeon (Thailand) will transfer its business operations and staff to CFR's parent company, Central Retail, and every Aeon outlet will be renamed under the Tops brand.

The transaction also covers land assets and a ready-to-eat processing centre. Central Retail said the facility would expand its production capabilities for ready-to-eat food products. The company said it plans to fund the purchase from its own cash flow.

Regulatory standing

Central Retail disclosed that the transaction does not constitute a connected transaction and falls below the threshold that would trigger further requirements under the Capital Market Supervisory Board's notification on material transactions. The company is still required to notify the Stock Exchange of Thailand, because the deal will make Aeon (Thailand) a subsidiary of the listed company. That notification is mandated under rules on subsidiary acquisitions.

What Central Retail gains

CFR said the acquisition would bring in more than 900,000 customers and extend its supermarket footprint into new locations. As of March 31, 2026, Central Retail operated 3,649 stores and sales counters spanning 63 provinces in Thailand, plus 128 stores across 26 provinces in Vietnam.

Aeon reorders its ASEAN priorities

The sale fits Aeon's FY26-FY30 group medium-term management plan, which calls for allocating resources to priority business areas and improving group-wide profitability and capital efficiency. In Thailand, the Japanese group said the focus will shift to earnings from its finance, entertainment, and health and wellness divisions. Aeon named Vietnam its top ASEAN market for building a multi-format retail presence.

Keep reading

All bulletins →
DealsAugust 10, 2026

Eldridge acquires 50% of Sudolabs to deploy AI at Chelsea and A24

NEW YORK, Aug. 10. A 50% stake in technology firm Sudolabs is the mechanism Todd Boehly's Eldridge will use to embed artificial intelligence across its holdings, the company said. Chelsea Football Club and film studio A24 are among the…

2 min read
DealsAugust 10, 2026

JRSH declares $0.05 quarterly cash dividend, payable Aug. 24

Aug. 10. JRSH declared a quarterly cash dividend of $0.05 per share, the company said. The ex-dividend date and record date are both set for Aug. 17; payment follows on Aug. 24.

2 min read
DealsAugust 10, 2026

SoFi Technologies CEO targets 1 million SoFi Plus members after paid subscriptions surpass 200,000 in debut quarter

SAN FRANCISCO, Aug. 10. SoFi Technologies (SOFI) crossed 200,000 paid subscribers for its SoFi Plus membership tier in the first full quarter since relaunch, generating more than $24 million in annualized revenue, the company reported…

2 min read

Frequently asked

How much is the deal worth and what does it cover?

The deal is worth Bt890 million ($26.9 million) and gives CFR the entire registered capital of Aeon (Thailand), including 30 MaxValu stores, land assets, and a ready-to-eat processing centre.

What will happen to the Aeon stores after the acquisition?

Every Aeon outlet will be renamed under the Tops brand, and Aeon (Thailand) will transfer its business operations and staff to CFR's parent company, Central Retail.

How long has the MaxValu chain operated in Thailand?

The MaxValu chain has operated in Thailand since 1984, when Aeon established its Thai forerunner, Siam Jusco.

Does the deal require special regulatory approval?

The transaction is not a connected transaction and falls below the threshold for material transactions, but Central Retail must notify the Stock Exchange of Thailand because the deal makes Aeon (Thailand) a subsidiary of the listed company.

How large is Central Retail's existing store network?

As of March 31, 2026, Central Retail operated 3,649 stores and sales counters across 63 provinces in Thailand, plus 128 stores across 26 provinces in Vietnam.