CP All Archives - Inside Retail Asia
Starbucks Korea and 7-Eleven Thailand have announced positive results for their respective anti-plastic campaigns.
More than 3000 Bangkok 7-Eleven stores are to begin offering a courier service and collection point.
Thai 7-Eleven operator CP All has reported slowing profit growth despite increased revenue.
Overseas growth in the 7-Eleven convenience store business drove a modest increase in profit for Japanese retail group Seven & I Holdings.
CP All is assessing expansion opportunities in China and India for its Siam Makro cash-and-carry retail chain.
7-Eleven Thailand is to roll out advanced AI technology, including facial recognition of employees and customers, across 11,000 stores.
CP All, which runs 7-Eleven stores in Thailand, has revealed strong growth over the past year.
PTT plans to start replacing 7-Eleven stores at its petrol stations with its own Jiffy Marts.
Thailand’s CP All and three private equity funds are competing to buy Polish retail chain Zabka in a deal worth about US$1.59 billion.
The Thailand retail market is expected to grow at a compound annual growth rate (CAGR) of more than 6 per cent from now until 2020.
Thai cash-and-carry chain Siam Makro plans to invest up to US$258 million in new stores at home and overseas.
Thailand’s CP All plans to divest some of its 98 per cent stake in cash and carry chain Siam Makro. The Charoen Pokphand Group-owned company believes the sale will help it reduce its gearing which rose when it acquired Siam Makro for $6.6 billion last year. It is believed CP All will dilute its holding to not less than 51 per cent to retain its majority ownership. CP All operates more than 7000 7-Eleven convenience outlets and plans to open around 600 new ones across Thailand this year.