Charoen Pokphand Group Archives - Inside Retail Asia
Charoen Pokphand Group to build Pattaya mall
Thailand’s Charoen Pokphand Group to co-locate a new Pattaya mall, apartments and convention centre with the town’s high-speed rail terminal.
Tesco Asia carve up likely
A Tesco Asia carve up is on the cards as a buyer emerges for the Malaysian operations.
Thai tycoon eyes Tesco buy-back
Thailand’s second richest man is reportedly in ‘informal talks’ over a bid to buy back the Tesco business in Thailand. Dhanin Chearavanont, the billionaire owner of the Charoen Pokphand Group (CP) was Tesco’s original joint venture partner in the nation, but sold his stake during the Asian financial crisis. Now Tesco is facing a crisis of its own, its share value has plummeted 42 per cent amidst investigations of cooked books and a rapidly shrinking market share in its domestic mar…
Twin malls in $1.5bn Thai riverfront project
Two large shopping centres will anchor a US$1.5 billion riverfront development in Bangkok, billed as “a new national landmark”. IconSiam, officially launched Tuesday July 1, is a joint venture between Siam Piwat, Magnolia Quality Development and the Charoen Pokphand (CP) Group. It’s the focal point of an even grander public-private sector partnership plan to revitalise a 10km stretch of the famous Chao Phraya River. Siam Piwat, owner of the giant Siam Paragon, Siam Centre and Siam Di…
CP Lotus sells China stores
Chinese supermarket operator Wumart has agreed to buy 36 CP Lotus stores in China. Thai company CP Lotus, a unit of Charoen Pokphand Group, is selling its stores in Beijing, Shanghai and most provinces in China, excluding South China’s Guangdong Province and Central China’s Hunan Province, for HK$2.3 billion (US$302 million). The deal is part of a share swap that involves Wumart buying 10 per cent of CP Lotus’ shareholdings for HK$548 million (US$70.7 million) and CP Lotus acquiring 14 per…
