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Thailand's CP Group to merge hypermarket owners in overseas push

Consolidation of Lotus's and Makro seen adding to conglomerate's retail clout

Charoen Pokphand acquired British grocer Tesco's Thai and Malaysian operations and rebranded them as Lotus's in February 2021. (Photo by Akira Kodaka)

BANGKOK -- Thailand's largest conglomerate Charoen Pokphand Group will reorganize and merge operating companies of its Lotus's and Makro retail chains to create a stronger entity as the group eyes overseas markets.

The merger of the two hypermarket owners will help CP Group plot a more efficient growth strategy while giving the merged entity more clout when it launches overseas.

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