Lotuss Stores (Malaysia) Sdn. Bhd., a subsidiary of CP Axtra Public Company Limited (SET: CPAXT), operator of the “Makro-Lotus’s” wholesale and retail business, has acquired shares in The Food Purveyor Sdn. Bhd. group, a premium supermarket retail business group operating under the brands Village Grocer, B.I.G., BSC Fine Foods, OTK, and The Food Merchant, totaling 50 branches in Malaysia.
This transaction involves the acquisition of 100% of the registered capital of The Food Purveyor Sdn. Bhd., representing an investment value of MYR 1,660 million (equivalent to approximately THB 13,483 million), which does not affect the financial position of CPAXT in any way. This business expansion reflects CP Axtra’s commitment to strategic investment expansion in high-potential overseas markets, and CP Axtra believes this investment will benefit the business in the following ways:
- Supporting retail business expansion into a strategic market such as Malaysia, which has outstanding potential in terms of economic growth and consumer purchasing power.
- Expanding the business to cover the premium customer segment through The Food Purveyor’s network of 50 branches, and when combined with Lotus’s 70 branches in Malaysia, brings CP Axtra’s total network to over 120 branches nationwide, creating a diverse customer base that meets the needs of all consumer groups.
- Expanding the business into high-potential locations in urban areas and high-income districts, enhancing the ability to swiftly access strategic areas and high-purchasing-power customer bases.
- Combining strengths and expertise, as Lotus’s has strong capabilities in retail business and supermarket and hypermarket network management, while The Food Purveyor specializes in the premium retail market, enhancing growth potential across all purchasing power levels.
It is expected that the transaction will be completed within the fourth quarter of 2026, following approval from relevant regulatory authorities.
This investment in The Food Purveyor is part of CP Axtra’s long-term strategy to expand the business to the regional level and build on sustainable growth, in order to become a truly regional wholesale and retail leader.
