,Lotus’s Malaysia president Kenneth Chuah at the launch of Lotus’s Malaysia’s first flagship store in Kepong.
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KUALA LUMPUR: Lotuss Stores (M) Sdn Bhd, formerly known as Tesco Stores (Malaysia) Sdn Bhd (Lotus’s Malaysia), has launched its first flagship store in Kepong, Kuala Lumpur.
Lotus’s Malaysia is the new brand that comes out from the acquisition of Tesco Malaysia by Thailand-based multinational conglomerate, Charoen Pokphand Group Co Ltd (CP Group) in December 2020.
Through the acquisition, Lotus’s Malaysia now assumes Tesco’s existing
operations which include employing over 8,600 employees across one head office, two distribution centres, and 62 stores throughout Peninsular Malaysia.
After Lotus’s Kepong, the retailer targets to launch its second and third flagship stores in Penang and Johor in May.Collectively, it is targeting to rebrand 15 stores namely Ara Damansara, Cheras, Selayang, IOI City, The Mines, Bandar Bukit Puchong, Klang, Mutiara, Paradigm, Puchong, Setia Alam, Shah Alam, Bukit Indah, Plentong, and Seremban 2 by June.
Lotus’s expects to rebrand all 62 stores by year-end.