A.mart

A-Mart in Taichung

Far Eastern A-mart Co., Ltd. (T: 遠百企業股份有限公司, S: 远百企业股份有限公司, P: Yuànbǎi Qǐyè Gǔfènyǒuxiàngōngsī), doing business as A.mart (T: 愛買, S: 爱买, P: 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] 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

References

  1. ↑ "2010 Annual Report." Far Eastern Department Stores. p. 59. Retrieved on October 25, 2012.
  2. 1 2 "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"
  3. ↑ "2010 Annual Report." 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."
  4. 1 2 Lin, Jackie. "Far Eastern Geant chief puts a stop to merger talk." Taipei Times. Monday April 26, 2004. Page 11. Retrieved on October 25, 2012.
  5. 1 2 Lin, Jackie. "Far Eastern Geant sets out aggressive expansion plan." Taipei Times. Thursday March 22, 2007. Page 11. Retrieved on October 25, 2012.
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