CP Group Archives - Inside Retail Asia
Bangkok’s IconSiam development to open on November 9
Bangkok’s massive IconSiam development will open on November 9, its developers have confirmed.
Japan’s Inagora forms JV with Thailand’s CP
Japan-based e-commerce platform Inagora is teaming with Thailand’s CP (Charoen Pokphand) Group to boost its China business.
E-Mart China exit confirmed
Thailand’s CP Group has agreed to buy five of the six remaining E-Mart China stores, ending a 20-year presence for the Korean firm.
Central Group, JD.com discussing joint venture
Thailand’s Central Group is discussing a possible US$500 million e-commerce joint venture with JD.com, Reuters reports.
CP Lotus turns the corner
Mainland retailer CP Lotus says it has turned the corner on its operational profit after axing loss making stores.
Metro Vietnam not for sale
German cash and carry operator Metro has rejected an offer from Thai company CP Group to buy its Vietnam business for more than $500 million. “Our Vietnam business is not for sale,” said a Metro spokesman. Metro operates 19 cash and carry stores in Ho Chi Minh City and Hanoi. CP Group has been embarking on acquisitions to expand its business domestically and overseas. It has bought a stake in Chinese insurance company Ping An and has acquired discount store chain Siam Makro. Meanwhil…
CP Lotus sale scrapped
CP Group has scrapped plans to sell its 36 CP Lotus supermarket stores in China to Wumart. In October, the Thai company reached a deal with Wumart to sell 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 two also discussed a share swap in which Wumart would buy 10 per cent of CP Lotus for HK$548 million (US$70.7 million) and CP Lotus would buy 14 per cent …
Massive mall for Bangkok’s riverside
A US$1.1 billion riverside retail, residential and lifestyle complex to be completed in stages in Bangkok by 2015.
