CP Group news

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 ...
28 January 2014
Tesco opens its first 365 convenience store in Bangkok, where it faces fierce competition from 7-Eleven, amongst other international convenience operators. New entrant into a competitive channel This first pilot store is located in the Pratuman area in Thailand's busy capital. A further four stores are planned to open this year, seeing Tesco invest THB 10m. In the years ahead, Tesco e...
16 December 2013
Wumart will no longer pursue plans to acquire Lotus stores, as deal deadline passes. October plans have not come to fruition In October Beijing-based retailer Wumart announced plans to acquire 36 stores from Thai owned CP Lotus, alongside both companies buying a significant stake in each other's businesses. This news followed shortly after the formal announcement about Tesco and CRE's pa...
12 December 2013
VietNamNet Bridge reports CP All is preparing to set up 7-Eleven stores in Vietnam within the next two months. Building on convenience success in Thailand The retail arm of Thailand's CP Group, CP All, successfully operates the 7-Eleven franchise in the market. With over 7,000 stores, it is the third largest network of 7-Eleven stores, following Japan and the US. At the time of CP All...
07 November 2013
The consolidation of Siam Makro and continued expansion of 7-Eleven drive strong revenue growth at CP All. Makro acquisition reflected in consolidated results Revenues increased 68.1% to THB 86,156m. However, this was offset by higher M&A-related costs, resulting in a -8.4% decline in consolidated net profit. Key performance data for 7-Eleven in Q3 Convenience accounts for c.64% ...
15 October 2013
Wumart and CP Lotus have entered into a framework agreement in which both retailers will hold a minority share in the other, and Wumart will acquire the majority of Lotus stores in China. What does the deal comprise of? Wumart will gain 36 of CP Lotus' 57 stores, in provinces including Beijing and Shanghai. This equates to sales space of around 310,000 square metres Wumart will acq...
30 September 2013
Three of Thailand's leading grocery retailers agree to freeze prices on key products amid rising costs for shoppers. Government-led plan to reduce food prices The Nation reports Tesco Lotus, Makro and Big C have pledged to freeze or reduce prices on essential products for the rest of the year, in order to reduce the burden of higher living costs on shoppers. Thailand's deputy commerce mi...