CP Group news

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...
26 February 2015
Both Central Group and CP All have announced ambitious expansion plans that will see them use multi-format strategies to drive sales. Central Group’s $1bn investment to drive $8.8b revenue Central Group will invest THB 37bn (USD 1.1bn) to support its grocery portfolio expansion both locally and internationally. 20% of the investment will be allocated to improve existing operations, includ...
14 October 2014
We round up the latest news on M&A activity and format development from Alfamart, 7-Eleven and Circle K. Alfamart forms closer ties with Alfamidi Sumber Alfaria Trijaya, parent company of the Indonesian convenience chain Alfamart plans to increase its stake in Midi Utama Indonesia, operator of Alfamidi, Alfa Express and Lawson stores. Shareholders are due to meet on 22 October to approv...
07 August 2014
As it reports its Q2 results, Thai retailer CP All plans to reduce its 98% in Siam Makro cash and carry business. Sale of shares will help refinance debt CP All, a retail branch of Thai conglomerate CP, plans to divest part of its stake in Siam Makro, stating neither the share it intends to sell, nor the time frame the deal will take place within. It is expected that funds raised will co...
11 June 2014
The global convenience giant is pursuing new regional expansion in Japan, remodelling in the US and rolling out its green store concept in Thailand. "Your Neighbourhood Store" concept introduced in Hawaii 7-Eleven's 61 stores in Hawaii are scheduled to be remodelled over the next five years at the cost of US$30m. Changes will include new flooring, counter tops, fixtures and lighting, which ...
27 May 2014
Already exporting products to Vietnam, the wholesale retailer is testing market responses in Myanmar, and exploring other markets in south east Asia, the Bangkok Post reports. Anticipating ASEAN unity Samples of Siam Makro's private label Aro products have been sent to neighbouring country Myanmar, in order to gain feedback on how well suited they are for local tastes. If successf...
06 May 2014
Thailand's Siam Makro cash & carry chain, which is operated by CP All, has announced plans to double its investment in 2014 to 8bn baht (US$247m). Investment into new and existing stores The chain will invest the money in both expanding and improving its existing store network in Thailand. Around 5m baht will be invested in opening five new outlets and the remaining money will be used to upgrad...
05 March 2014
CP All, the 7-Eleven franchise holder in Thailand, reports a 43.9% jump in revenue for full year 2013. Combination of M&As and organic growth delivering results The retail division of Thailand's CP Group, CP All, saw revenue rise to THB 285.7bn in 2013, a result driven by three key factors: Opening 607 new stores, with an emphasis on upcountry locations, and expanding the franchise n...
27 February 2014
CP Lotus, a subsidiary of CP Group (Charoen Pokphand Group), recorded turnover of RMB 10,882m (USD 1,777m) in 2013, an increase of RMB 204m (USD 33m) or 1.9% year on year. Loss was trimmed from RMB 392m (USD 64m) in 2012 to RMB 97m (USD 16m). The increase in turnover was mainly from new stores opened in 2013. Like for like sales fell 1.3% due to pressure from fast growing ecommerce, which chan...
07 February 2014
Thailand's Central Group expands its footprint in Vietnam, the latest retailer to seize the opportunities in the Vietnamese market. First overseas Robinson department store for Central Retail Whilst Central Retail already has a retail presence in Vietnam, this is the first Robinson department store to open overseas, which will operate under the banner Robins. Located in Hanoi's Royal City ...