CP Group news

Thai legislators approve Charoen Pokphand Group (CP Group)'s acquisition of local retail business of Tesco with conditions. Ban on other modern trade merger for three years The Office of the Trade Competition Commission (OTCC) said that CP will not be allowed to enter another merger, except for ecommerce, for three years. It will also have to buy more products from local small and medium en...

The first 7-Eleven convenience store in Laos will open in Vientiane in 2022. 30 years master franchise agreement CP group has invested in feed, poultry and food business in Laos for about a decade. With a young population, Laos offers a good opportunity for retail business which can also support the sale of CP food products. Joe DePinto, CEO and President of 7-Eleven, said,  "with its remar...

The vending machine is launched inside a gaming studio in a neighbourhood mall, Samyan Mitrtown, on 16 th August 2020. First and only self-service vending machine from Starbucks The machine provides classic drinks like Espresso, Americano, Latte and Caramel Macchiato in hot or cold versions. Non-coffee drinkers have the options for hot or iced chocolate. Shoppers can customize their drinks...

Charoen Pokphand Foods (CPF) is launching a new supermarket concept to support its expansion. Larger footprint than CP Fresh Mart format Source: Euroswift The new CP Fresh will have 500 sq. m. of space, about five times the size of the original CP Fresh Mart format. It will provide a wider variety of products including chilled items, produce, seasoni...

In response to the Coronavirus (COVID-19) pandemic, convenience operators are implementing measures to ensure everyone has access to the food and consumer goods products they need. We will continue to update this article as the latest initiatives are announced. Latest from UK Co-op is rapidly accelerating its online expansion to more than double the number of stores planned. Find out mor...

Retailers in Thailand are responding quickly to shoppers’ concern at their stores, while looking after their employees. The broader context for Thailand Thailand reported its first COVID-19 case in January but had been recording low numbers in new infections. This started to change on 15 March as a few large clusters were identified in Bangkok and the number of cases increased. The Thai gov...

The first Makro store with a sales area of more than 7,000 sq.m. has opened in Yangon, Myanmar. Store opened on 22 April The wholesale store is targeting food retailers, hotels, restaurants and catering service companies. It carries 10,000 different types of fresh food, dry food and non-food products. There is a limit of 250 visitors at any time to avoid overcrowding due to the COVID-19 pan...

7-Eleven has signed a master franchise agreement with CP ALL (Cambodia) Co. Ltd, a subsidiary of CP ALL in Thailand, to develop its stores in Cambodia. First 7-Eleven in 2021 CP ALL will build and operate the stores to modernise the retail environment and bring greater convenience to shoppers. The first 7-Eleven stores in Cambodia will be ready in 2021. It will have popular products, bevera...

Tesco has announced that it has reached an agreement with CP Group with respect to the sale of its Asian business that values it at $10.6bn (£8.2bn). In a statement, Dave Lewis Group CEO said "Following inbound interest and a detailed strategic review of all options, we are announcing today the proposed sale of Tesco Thailand and Tesco Malaysia. This sale releases material value and allows us...

Tesco's Asian business has attracted significant interest from powerful Thai businesses. Three three major family conglomerates are understood to have made bids for the retailer's operations in Thailand and Malaysia, according to reports in the Financial Times. Three bids on the table The bidders are reported to be: Charoen Pokphand (CP Group) , the diversified business that owns Tha...