Macrovalue to acquire Singapore food business of DFI Retail for $93m.

Macrovalue, a Malaysian retail group, agreed to acquire Singapore food business of DFI Retail, an Asian retailer, for $93m. “This transition is expected to benefit customers in Singapore with an enhanced product range, more competitive pricing, and improved service under an owner with the capabilities and commitment to invest in long-term success. Macrovalue is well placed to build on the strong foundation and customer loyalty that our team members have worked so hard to establish,” Scott Price, DFI Retail Group CEO.