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Draft:TF Value Mart

From Wikipedia, the free encyclopedia
TF Value-Mart Sdn. Bhd
IndustryRetail
Founded1957
HeadquartersPetaling Jaya, Selangor,
Malaysia
Number of locations
41
OwnerIntermediate Capital Group (IGC)

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

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In 1998, 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]

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

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  1. ^ a b "New owners of TF Value-Mart to keep winning formula". The Edge Malaysia. Retrieved 2024-01-01.