Siam Makro Archives - Inside Retail Asia
CP All mulls opportunities in China, India, Myanmar
CP All is assessing expansion opportunities in China and India for its Siam Makro cash-and-carry retail chain.
Strong growth for CP All’s 7-Eleven stores
CP All, which runs 7-Eleven stores in Thailand, has revealed strong growth over the past year.
Charoen Pokphand’s Siam Makro plans Indian stores
Charoen Pokphand Group plans to invest US$157 million over next five years to open Siam Makro wholesale stores in India.
Siam Makro buys four food companies
Siam Makro has clinched a 3-billion-baht (US$85.75 million) deal to acquire four food companies.
Siam Makro plans $258m expansion
Thai cash-and-carry chain Siam Makro plans to invest up to US$258 million in new stores at home and overseas.
Siam Makro eyes Myanmar, Vietnam, Indonesia
Thai retailer Siam Makro says it is keen to enter Myanmar, one of three key Southeast Asian markets it considers a priority.
CP All sells Makro stake
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.
Siam Makro plots expansion plan
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…
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…
Thai CRC creates own cash-and-carry brand
Tops supermarket converted into cash-and-carry store after defeat in Siam Makro bid.
