Under the Radar: DFI Retail Group shares how inflation has impacted household spending on groceries and its food business in Singapore

Your Way Home with Hongbin Jeong · Sep 25, 2023 · 17m

This company will certainly ring a bell for those who’ve been keeping an eye on the movers on the Singapore exchange. Our guest for today is DFI Retail Group, or a leading pan-Asian retailer that owns the Cold Storage and Giant chains of supermarkets, Guardian pharmacies and 7-Eleven convenience stores here in Singapore. At a group level, DFI Retail operates over 10,500 outlets in 13 countries and territories and has a workforce of over 216,000 people. It returned to the black with a net profit of US$8 million for the first half of this year, after logging a net loss of US$58 million in the…