The company sold its stakes in the Tesco Lotus venture with Tesco in 2003 due to its crisis policy in order to focus on 7-Eleven, in which, unlike Tesco, CP owns a majority, as its flagship retail arm.
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In the 1980s, as China opened up to foreign firms, the firm became the preferred partner for international brands such as Honda, Wal Mart, and Tesco.
CP ALL Public Company Limited, was established in 1988 by the Charoen Pokphand Group to operate the convenience store business in Thailand under the 7-Eleven trademark, The Company was granted a license to use the trademark from 7-Eleven, Inc., USA.
Tesco Lotus started from the Lotus Supercenter chain started in 1994 by the Charoen Pokphand Group with the first store opening in Seacon Square.
Charoen Pokphand | Charoen Krung Road | Charoen Sirivadhanabhakdi |
He is the fourth child of Dhanin Chearavanont, CEO and chairman of CP Group, one of the world's largest agro-industrial conglomerates, and Khunying Tawee Chearavanont.