 Giant was founded in 1944 as a small grocery store in Kuala Lumpur and expanded with the opening of the Teng Minimarket Centre in Bangsar in 1974.In 1999, Dairy Farm International Holdings bought a 90% interest in the chain, with the Teng family retaining the balance.By 2003, the holding company for the chain had changed its name to Dairy Farm Giant Retail Sdn Bhd, and the chain had eight Giant hypermarkets and 10 supermarkets as well as three Cold Storage supermarkets.