Sarawak-based Everrise Supermarket has taken over Sabah’s home-grown Pick N Pay convenience grocer from October 1, marking another significant development in East Malaysia’s supermarket and grocery retail industry.
The takeover adds Pick N Pay to a growing portfolio of retail businesses that have changed ownership in Sabah and Sarawak, reflecting the increasingly competitive landscape of the region’s grocery sector.
According to a report by Daily Express, Pick N Pay is operated by Eastern Grocer Sdn Bhd, while Everrise is among East Malaysia’s established premium grocery retailers.
The development comes as Sarawak-based retail operators continue expanding their presence in Sabah, while businesses across the region face increasing competition from established supermarket groups and online shopping platforms.
About Everrise
Everrise is operated by Eastern Grocer Sdn Bhd, a Kuching-headquartered company founded in 1993 by the late Simon Sia.
The company has developed into one of East Malaysia’s recognised premium grocery retailers, with its business expanding across Sabah and Sarawak.
Everrise has 19 outlets across Sabah and Sarawak, while the company has undergone significant ownership changes involving private equity firm Navis Capital Partners and Grab Holdings.
Article sources:
- Daily Express: Another Sabah brand retail store taken over
