Draft:TF Value Mart
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Industry | Retail |
---|---|
Founded | 1957 |
Founder | Low family |
Headquarters | Petaling Jaya, Selangor, Malaysia |
Number of locations | 41 |
Key people | |
Revenue | RM1.48 billion (2019) |
Owner | Intermediate Capital Group (IGC) |
Number of employees | 180 |
TF Value-Mart is a Malaysian retail company that operates a chain of hypermarkets in Malaysia, and is currently headquartered in Petaling Jaya, Selangor. It currently operates 41 stores, primarily in northern Malaysia.
History
[edit]The company began operations in 1998 when the Low family purchased two abandoned theatres in Bentong, converting one into a warehouse, with the other being converted into the first TF Value-Mart location.[1]
Throughout the 2000's, the company began expanding within Pahang, and outside of it, with TF Value-Mart opening it's first store outside in Tanjung Malim, Perak, in 2005.
In 2016, the Low family sold the company to Singapore-based private equity firm KV Asia Capital Pte Ltd. In December 2020, following a management buyout financed by British investment firm Intermediate Capital Group, the company now owns a stake in the company through Asia Fund IV.[1]
References
[edit]- ^ a b "New owners of TF Value-Mart to keep winning formula". The Edge Malaysia. Retrieved 2024-01-01.