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CP All

Convenience store chain in Thailand

Summary

Convenience store chain in Thailand

Field	Value
name	CP All Public Company Limited
logo	Logo CPALL.svg
logo_size	220px
type	Public
traded_as
foundation	7 November 1988; years ago
founder	Charoen Pokphand Group
revenue	480 billion baht (est 2017)
location_city	Bangkok
location_country	Thailand
locations	15,430 stores (13 May 2025){{Cite web
url	https://www.cpall.co.th/wp-content/uploads/2025/05/MDA_1Q25_TH-new-vFinal.pdf
title	Management Discussion and Analysis for Q1 2025 (in Thai)
publisher	CP All Public Company Limited
date	May 2025
access-date	14 May 2025
language	th
format	PDF
area_served	Thailand
key_people	Dhanin Chearavanont (chairman)
Korsak Chairasmisak <small>(Chairman of the Executive Committee)<ref name	CPALL-AR2014
industry	Retail (Convenience stores)
num_employees	35,557 (2012)
parent	Charoen Pokphand Group
homepage

|access-date=14 May 2025

Korsak Chairasmisak (Chairman of the Executive Committee) 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.

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.

Operations

As of 13 May 2025, the company has a total of 15,430 7-Eleven stores nationwide, of which 51 percent of stores were company-owned, 49 percent franchise stores and sub-area license stores. {{Cite web |access-date=14 May 2025

In 2017 CP All spent 20 billion baht to open 710 new branches and renovate its existing stores, IT facilities, and open its new distribution centre. Revenues in 2017 are projected to be 480 billion baht.

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 (the company is now known as CP Axtra), 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. No criminal charges were brought. CP All's audit committee said they had decided it was "appropriate for the individuals to continue" their employment. As justification, the statement cited their prior behavior and performance and their "exceptional skills and experience, which would be difficult to replace".

References

"CP All Annual Report 2012".
"CP All 2014 Annual Report".
[https://web.archive.org/web/20080731072739/http://www.7-eleven.com/AboutUs/InternationalLicensing/tabid/115/Default.aspx About 7-Eleven], 7-Eleven.
(31 January 2018). "7-Eleven poised to top 11,000 stores in 2018". Bangkok Post.
(4 December 2015). "'I didn't know about Makro deal,' insists CP All chief". Bangkok Post.
(3 December 2015). "CP All shares slump after insider trading fines". Bangkok Post.
(2015-12-02). "Settlement Committee imposes fines on MAKRO insider trading".
(9 December 2015). "Pressure on CP All insider trading bosses". Bangkok Post.
(2015-12-23). "Insider trading: Thailand's old normal". Nikkei Asian Review.

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

companies-based-in-bangkok retail-companies-established-in-1988 companies-listed-on-the-stock-exchange-of-thailand 1988-establishments-in-thailand charoen-pokphand thai-companies-established-in-1988

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