China, India, Myanmar can be the next countries for CP All

1 min readUpdated Jul 10, 2018Jul 10, 20182:00 AM

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CP All is assessing expansion opportunities in China and India for its Siam Makro cash-and-carry retail concept.

It is also evaluating opening a store in Myanmar after experiencing success in nearby Cambodia.

“Siam Makro is on a new journey of expanding in overseas markets,” CP All’s CFO Kriengchai Boonpoapichart said in an interview.

“It will be a tough and challenging road, but it’s a good opportunity with large populations to tap, compared with Thailand’s mature market.”

Siam Makro set up Lots Wholesale Solutions in India earlier this year with plans to invest as much as US$145 million over five years. The first store is on track to open within a few months along with a second store in Cambodia.

CP All is the listed retail business of Thai billionaire Dhanin Chearavanont. It paid more than $6 billion to buy Siam Makro five years ago, adding to its 7-Eleven convenience-store chain which now numbers about 11,000 across Thailand, with plans to open a further 700 annually.

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Questions & Answers

Which countries are being considered for future Siam Makro expansion?

CP All is assessing opportunities for its Siam Makro cash-and-carry retail concept in China and India. It is also evaluating opening a store in Myanmar after its success in Cambodia.

What is the primary motivation for CP All's international expansion?

CP All is expanding overseas to tap into large populations in new markets. This is seen as a good opportunity compared to Thailand's mature market, according to the CFO.

How much has CP All committed to invest in India?

CP All plans to invest as much as US$145 million in India over a five-year period. This is through its Lots Wholesale Solutions venture, established earlier this year.

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