Siam Makro Archives - Inside Retail Asia
The first Siam Makro store in Myanmar has opened its doors as the Thai-based cash & carry operator eyes the fast-growing food service sector in the rising country Myanmar.
CP All is assessing expansion opportunities in China and India for its Siam Makro cash-and-carry retail chain.
CP All, which runs 7-Eleven stores in Thailand, has revealed strong growth over the past year.
Charoen Pokphand Group plans to invest US$157 million over next five years to open Siam Makro wholesale stores in India.
Siam Makro has clinched a 3-billion-baht (US$85.75 million) deal to acquire four food companies.
Thai cash-and-carry chain Siam Makro plans to invest up to US$258 million in new stores at home and overseas.
Thai retailer Siam Makro says it is keen to enter Myanmar, one of three key Southeast Asian markets it considers a priority.
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.
Cash and carry operator Siam Makro plans to expand in Thailand, despite the political turmoil. The company will invest 5 billion baht ($154.5 million) to open 10 new Makro stores. “We are not worried about the cash and carry business. The evidence is clear that our business is still growing, with almost 12 per cent growth in the first quarter,” said CEO Suchada Ithijarukul. She said most of the new stores are planned for upcountry, where demand for FMCG products is booming and availabil…
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…
Shareholders approve subsidiary’s bid to buy cash-and-carry chain.
Tops supermarket converted into cash-and-carry store after defeat in Siam Makro bid.