Jump to content

Draft:TF Value Mart

From Wikipedia, the free encyclopedia
TF Value-Mart Sdn. Bhd
IndustryRetail
Founded1957
FounderLow family
HeadquartersPetaling Jaya, Selangor,
Malaysia
Number of locations
41
Key people
  • Ho Mun Hao (CEO)
  • Anthony Lee Teck Hoe (CFO)
  • Tay Saw Hoon (merchandising director)
  • Simon Chong (operations director)
RevenueIncrease RM1.48 billion (2019)
OwnerIntermediate 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]
  1. ^ a b "New owners of TF Value-Mart to keep winning formula". The Edge Malaysia. Retrieved 2024-01-01.