CP Group news

12 September 2017
Thai's CP may takeover E-Mart's remaining stores in China  Leading South Korean discounter, E-Mart, is in talks with Thailand's Charoen Pokphand Group to sale its five remaining stores in China. The background... In May, E-Mart announced that it was to shut operations in China by end of 2017. E-Mart China has struggled for profitability over the last few years, gradually scaling down i...
12 September 2017
Leading South Korean discounter, E-Mart, is in talks with Thailand's Charoen Pokphand Group to sale its five remaining stores in China. The background... In May, E-Mart announced that it was to shut operations in China by end of 2017. E-Mart China has struggled for profitability over the last few years, gradually scaling down its operations since 2011. Despite consolidation, the retailer ...
06 June 2017
Modern Sevel Indonesia, which operates 7-Eleven convenience stores in Indonesia, cancels the sale of the chain due to "non-agreement of the parties concerned". Challenging times ahead CP Indonesia is an affiliate of CP All, which operates more than 9,500 7-Eleven stores in Thailand. Its plan to buy 7-Eleven stores for US$75 million would have brought much needed funds and expertise for the ...
25 April 2017
Charoen Pokphand (CP) will acquire Modern Sevel, the controlling company of the 7-Eleven Indonesia convenience store outlets for IDR one trillion (US$75 million). CP Indonesia, a division of Thai conglomerate CP Group expects to complete the purchase by June this year. Indonesia's retail regulation driving key decisions Indonesia's retail landscape is highly completive, but heavily shaped...
12 August 2016
CP All, Thai operator of 7-Eleven and Siam Makro, reported  strong 2Q results -  total revenue rose 14 percent from a year earlier to THB 114.6bn (USD 3.3bn) and like-for-like increased by 5 percent, versus 2.6 percent in 1Q. On track with network expansion CP All, which operates more than 9,200 7-Eleven stores in Thailand, had a target of 700 new stores this year and a total of 10,000 stor...
21 July 2016
Charoen Pokphand Food, part of Thailand’s largest conglomerate CP Group, has rolled out a new concept store called Magnet Semi Wholesale by CP, which is a hybrid of convenience and wholesale formats. A smaller format to serve local communities Charoen Pokphand Foods (CPF) that established the CP Fresh Mart chain 12 years ago has launched the new store format in Chiang Mai. The concept o...
21 April 2016
Wholesaler Siam Makro has announced plans to open new stores in Thailand, as well as invest in overseas expansion in 2016. New stores in Thailand, Cambodia, Laos and Vietnam Siam Makro, owned by Thai conglomerate CP ALL, will invest 9 billion baht (US$258 million) in opening 20 stores in Thailand this year, as well as expanding in South East Asia. Approximately a third of the money ...
02 March 2016
7-Eleven’s Thai operator CP ALL and 7-Eleven Malaysia have revealed FY2015 results, with their revenue growing by 9.3% and 3.9% respectively. CP ALL strong performance and further expansion plans CP ALL, the 7-Eleven franchise holder in Thailand, sees FY2015 consolidated revenue up 9.3% to THB406bn (US$11.4bn) and net profit increasing by 34.3% to THB13.7bn (US$380m). The group curr...
04 November 2015
CP Group has announced plans to expand both its Siam Makro Cash & Carry and CP Fresh Mart banners internationally and domestically. Siam Makro targeting Myanmar, Vietnam and Indonesia CP Group-owned wholesaler Siam Makro has confirmed that it is exploring expansion into three key priority ASEAN markets, with feasibility studies on Myanmar already completed and market entry now reliant on...
01 September 2015
CP All, Thai operator of 7-Eleven and Siam Makro, reported consolidated revenue up 9.9% to THB 199.5bn (USD 5.6bn) and consolidated net profit up 32.3% to THB 6.6bn (USD 180m) at the end of the first half. On track with openings; same store sales recovery 342 convenience stores were added to the network in this period, with a stronger focus on provincial locations and franchise-operated st...