SINGAPORE, March 24 -- All Cold Storage and Giant supermarket outlets in Singapore will be sold to Malaysian retail group Macrovalue for an initial sum of S$125 million (RM414 million).

DFI Retail Group and Macrovalue announced today that the deal includes 48 Cold Storage stores - operating under CS Fresh, CS Gold, and Jason's Deli brands - along with 41 Giant outlets and two distribution centres.

According to The Straits Times (ST), the transaction is expected to be completed in the second half of 2025, with Macrovalue acquiring full ownership of the businesses.

DFI, which is listed in Singapore, said it will shift its focus to its Guardian Pharmacy and 7-Eleven convenience store operations in Singapore and other markets, including Th...