CP Group news

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...
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...