Chirathivat family explained

Chirathivat
Native Name:จิราธิวัฒน์
Other Names:Saejeng
Parent Family:Zheng family
Region:Bangkok
Origin:Hainan, China
Founded:1927
Founder:Tiang Chirathivat
Current Head:Tos Chirathivat
Other Families:House of Kitiyakara
Hongsakula family
Heirlooms:Central Group

The Chirathivat family (Thai: จิราธิวัฒน์, in Thai pronounced as /tɕìrāːtʰíwát/) is a Thai family of Chinese descent. The family was headed by Tiang Chirathivat (; 1905–1968), who migrated to Siam from Hainan and settled in Bangkok in 1927. Tiang's original Chinese surname was Cheng.[1] He had 26 children with three wives that resulted in roughly 220 descendants today. Fifty-one are currently involved in the business.[2] His descendants jointly own and manage the Central Group, and are ranked third on Forbes' list of Thailand's fifty richest.[3]

The Central Group owns more than 60 department stores and shopping malls. It also operates hotels and restaurants, with a total of 5,000 outlets. The Chirathivat family bought the upscale Italian department store chain, La Rinascente, for a reputed US$291 million. The purchase was announced in May 2011 by Tos Chirathivat, a Central Group executive.[4] In 2020, the Central Group announced the purchase of the Swiss luxury department store Globus alongside other assets for more than US$1 billion in a joint venture with the Austrian Signa, which announced insolvency in November 2023.[5]

Notable members

External links

Notes and References

  1. Web site: Rise of Retail, Thai Style. 20 December 2008. Wesleyan University Magazine. 19 May 2019.
  2. News: Ono. Yukako. For Thailand's retail giant Central Group, it is no longer all in the family. 13 September 2017. Nikkei Asian Review. 10 September 2017.
  3. Web site: Thailand's 50 Richest: #3 Chirathivat family. June 2016. Forbes.com. 25 August 2016.
  4. News: Central Retail to Expand La Rinascente Stores After Acquisition. 2017-08-04. Bloomberg News. https://archive.today/20120716110929/http://webfarm.bloomberg.com/apps/news?pid=conewsstory&tkr=PRS:EB&sid=aLVR.JaZ.fdE. 2012-07-16. dead.
  5. News: Central in $1bn venture to buy Swiss mall. Bangkok Post. 2021-02-07.