CP Group news

The convenience channel remains a great opportunity for growth. We have published a series of new reports for our IGD Retail Analysis subscribers: The convenience channel’s global outlook Global growth opportunities Multiformat retailers trading convenience stores Below are some of the key highlights to help you plan for the future... Use IGD’s view to drive change...

Lotus’s Malaysia is the new brand name of former Tesco stores after the acquisition of Tesco Malaysia by Thailand-based multinational conglomerate, Charoen Pokphand Group Co Ltd (C.P. Group). It has officially unveiled its first flagship store in Kepong, a town north of Kuala Lumpur today. Source: TNP SMART Values Lotus’s Kepong bears the vibrant colors of Lotus’s green and yellow s...

Major retailers, Central Retail, Berli Jucker and CPALL, report revenue declines for FY2020. COVID-19 well controlled in Thailand The spread of COVID-19 was under control until the third quarter of last year. A new wave of increased daily cases started in mid-December, impacting year-end festivities. The government imposed an array of restrictions by province to avoid a national lockdown an...

Charoen Pokphand Group, which acquired Tesco’s stores in Thailand and Malaysia, has introduced a new logo and name. From Lotus supermarket to Tesco Lotus and back to Lotus’s CP Group ran into financial challenges in 1998 during the Asian financial crisis and sold 75% of its stake in Lotus supermarket to Tesco. The stores were renamed to Tesco Lotus then. CP re-purchased the Southeast Asian ...

All Guardian Co, a joint venture between Dairy Farm and All Corporation in Thailand, will launch the first Guardian health and beauty store in 2021. Guardian store launch delayed All Guardian is a joint venture between All Corporation Co, a wholly owned subsidiary of CP All, and GCH Investments Pte under Dairy Farm International Holding Group. All Corporation Co and GCH Investments Pte hold...

Tesco has confirmed it has completed the divestment of its operations in Thailand and Malaysia to CP Group . The sale follows regulatory clearance from the Thai and Malaysian competition authorities . CP Group strengthened by Tesco deal CP Group operates across many industrial and service sectors. Its retail arm, CP Food combines vertically integrated agriculture and manufacturing of pr...

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...