CP ALL

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CP ALL Public Company Limited
Public
Traded as SET: CPALL
Industry Retail (Convenience stores)
Founded 7 November 1988[1]:31
Founder Charoen Pokphand Group
Headquarters 283 Sriboonrueng Building 1, Silom Road, Silom, Bangrak, Bangkok, Thailand[1]:4
Number of locations
 8,127 stores (2014)[2]
Area served
 Thailand
Key people
 Dhanin Chearavanont (Chairman)[3]:14 Korsak Chairasmisak (Chairman of the Executive Committee)[3]:19
Revenue 371,301 million baht (2014)[4]
Number of employees
 35,557 (2012)[1]:50
Parent Charoen Pokphand Group[1]:34
Subsidiaries Counter Service Co., Ltd. CP Retailink Co., Ltd. CPRAM Co., Ltd. Thai Smart Card Co., Ltd. Gosoft (Thailand) Co., Ltd. MAM Heart Co., Ltd. Management Co., Ltd. Suksapiwat Company Limited. Panyatara Company Limited. All Training Company Limited. 7-Catalog Book Smile eXta Kudsan
Website www.cpall.co.th

CP ALL Public Company Limited, was established in 1988 by the Charoen Pokphand Group to operate convenience store businesses in Thailand under the 7-Eleven trademark. The company was granted a license to use the trademark by 7-Eleven, Inc., USA. In 1989, the first 7-Eleven outlet in Thailand was opened on Patpong Road.[5]

At the end of the year 2014, the company had a total of 8,127 7-Eleven stores nationwide. Of the total, 3,648 stores (45 percent) are in Bangkok and vicinity and 4,479 stores (55 percent) are in provincial areas. According to type of store, there are 3,579 corporate stores (44 percent), 3,196 franchise stores (48 percent) and 648 sub-area license stores (8 percent). Presently, an average of 9.7 million customers visit 7-Eleven stores each day.[2]

In 2014, the company opened an additional 698 new outlets both as stand-alone stores and stores in PTT gas stations to reach more targeted customers. At the end of 2014, the company had 6,986 stand-alone stores (86 percent) and 1,141 stores in PTT gas stations (14 percent).[2]

History

CP All PLC was established in 1988 by the Charoen Pokphand Group. The company is the sole operator of 7-Eleven convenience stores in Thailand, which has been granted exclusive rights from 7-Eleven, Inc. to conduct business under an area license agreement.

Subsidiaries

Counter Service Company Limited (CS) provides a bill payment service.

CPRAM Company Limited (CPRAM) manufactures and sells frozen food and baked goods.

CP Retailink Company Limited (CPR) distributes and repairs retail equipment.

Thai Smart Card Company Limited (TSC) (with business alliances) offers product and service payment through Smart Purse electronic cash cards.

Gosoft (Thailand) Company Limited (GOSOFT) information technology services.

MAM Heart Company Limited (MAM) marketing consulting services.

Dynamic Management Company Limited (DM) logistical services.

Suksapiwat Company Limited (SPW) provides educational services through Panyapiwat Technological College, a retailing vocational school for retail education, and Panyapiwat Institute of Management, an institute conferring bachelor's degrees concentrating on five majors: business administration, engineering and technology, management science, liberal arts, and communication arts and master's degrees in business administration.

Panyatara Company Limited (PTR) training and seminar services.

All Training Company Limited (ATN) training and seminar services.

The company has also expanded its own business operations as follows

7-Catalog Order as a distribution channel in purchasing products from catalog magazines.

Book Smile a distribution channel for books and magazines.

eXta a health and beauty shop offering pharmaceuticals and medical supplies, health products, and cosmetics.

Kudsan as a channel to sell special selected products including coffee and bakery goods.

Bellinee'S Bake & Brew

Executive malfeasance

Insider trading by CP All executives occurred in 2013, according to a statement by Thailand's Securities and Exchange Commission (SEC) on 2 December 2015. Korsak Chairasmisak, the vice chairman of CP All, at that time was its CEO. He bought over 118,000 shares of Siam Makro, a cash-and-carry chain, over a 12-day period ending on 22 April 2013. The following day, CP All announced a tender offer for Siam Makro shares at 15 percent above the 22 April close. The regulator found that Korsak had prior knowledge of the deal and imposed a fine of over 30 million baht (US$833,000). Three executives also involved were fined 3.1 million baht.[6] No criminal charges were brought. CP All's audit committee said they had decided it was 'appropriate for the individuals to continue' their employement. As justification, the statement cited their prior behavior and performance and their "exceptional skills and experience, which would be difficult to replace".[7]

References

  1. ↑ 1.0 1.1 1.2 1.3 Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 2.2 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ About 7-Eleven, 7-Eleven.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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