CP Group news

08 June 2021
Last September, the retailer shared plans to open its first flagship store in Thailand in 2021 with its joint-venture partner CP ALL. However, the plans have changed, and it will only sell products through its partner. Adjusting business strategy to fit demand The retailer’s planned to open stores between 200-300 sq. m., with 20% of the products under the Guardian brand. The company is focu...
08 June 2021
After the acquistion of Tesco Lotus, CP Group has been transforming its stores in Thailand and Malaysia. Tesco Lotus Express stores, rebranded as Lotus's Go Fresh, is more focused on focuses on fresh produce and meat than before. In this article, we focus on the key changes and what it means for the retailer. A new look Lotus's Go Fresh stores are between 300-500 sq.m. Its first flagship co...
19 May 2021
Retailers report poor performance in Q1 2021 due to the high base in Q1 2020. Thai stores were still operating as normal in January and February in 2020. Most of the retailers also benefited in March 2020 when shoppers started stockpiling before the first lockdown. Q1 2021 affected by new waves of infection Thailand is fighting a third wave of infections, the worst after a year of relativel...
20 April 2021
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...
31 March 2021
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...
03 March 2021
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...
17 February 2021
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 ...
08 January 2021
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...
18 December 2020
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...
09 November 2020
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...