Lotus Supercenter[]
1994–1998[]
In 1994, the Charoen Pokphand Group established the Lotus Supercenter chain, opening its first outlet at Seacon Square.
Tesco Lotus Supercenter[]
1998–2001[]
In 1998, British supermarket chain Tesco acquired a stake in the Lotus Supercenter chain to form "Tesco Lotus".
Tesco Lotus[]
2001–2008[]
CP Group sold most of its remaining shares of Tesco Lotus in 2003.
2008–2021[]
Lotus's[]
2021–present[]
On 9 March 2020, CP Group submitted the winning bid to reacquire Tesco Lotus, in addition to Tesco operations in Malaysia, for about US$10 billion.[1] The sale was approved in Malaysia in November 2020[2] and Thailand in December 2020[3], with the rebranding of the acquired stores beginning in February 2021, replacing the Tesco corporate branding with that of Lotus's[4]. Through the Tesco acquisition in Malaysia, Lotus's operates 64 rebranded Tesco outlets in the country.
References[]
- ↑ https://www.thestar.com.my/business/business-news/2020/03/09/tesco-sells-businesses-in-thailand-malaysia-for-us106b
- ↑ https://www.nationthailand.com/news/30397812
- ↑ https://www.reuters.com/article/tesco-asia/update-2-tescos-asia-deal-paves-way-for-5-bln-pound-shareholder-windfall-idUSL1N2IP0ED/
- ↑ https://asia.nikkei.com/Business/Retail/Tesco-disappears-from-Southeast-Asia-as-CP-renames-outlets
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