According to DFI then, the transaction was to sharpen its focus on Guardian in Malaysia.
With a series of divestments, the DFI Retail Group Scott Price now leads is considerably slimmer but leaner than when he first took on the group CEO role. Shareholders are not complaining, though.
The first major move in this sequence came on Feb 23, 2023, when DFI sold its food businesses in Malaysia to Macrovalue, a local retail group led by Datuk Andrew Lim. The portfolio included Giant, Cold Storage, Mercato and TMC, as well as more than 2,500 employees.
