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CP All

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CP All Public Company Limited
Company typePublic
SET: CPALL
IndustryRetail (Convenience stores)
Founded7 November 1988[1]: 31 
FounderCharoen Pokphand Group
Headquarters
283 Sriboonrueng Building 1, Silom Road, Silom, Bangrak, Bangkok
,
Thailand[1]: 4 
Number of locations
9,000 stores (2016)
Area served
Thailand
Key people
Dhanin Chearavanont (Chairman)[2]: 14  Korsak Chairasmisak (Chairman of the Executive Committee)[2]: 19 
Revenue371,301 million baht (2014)[3]
Number of employees
35,557 (2012)[1]: 50 
ParentCharoen Pokphand Group[1]: 34 
SubsidiariesCounter 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
Websitewww.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.[4]

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

At the end of 2015, the company had a total of 8,832 7-Eleven stores nationwide. Of the total, 3,922 stores (44 percent) are in Bangkok and environs and 4,910 stores (56 percent) are in provincial areas. There are 3,908 corporate stores (44 percent), 4,257 franchise stores (48 percent) and 667 sub-area license stores (8 percent). By mid-2016, the number of outlets exceeded 9,000.[5] 7-Eleven stores are patronized by 10.9 million customers everyday.[6]

The company opened an additional 705 new outlets in 2015, both as stand-alone stores and stores in PTT gas stations. At year-end, the company had 7,598 stand-alone stores (86 percent) and 1,234 stores in PTT gas stations (14 percent).[6]

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.[7] 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".[8]

References

  1. ^ a b c d "CP All Annual Report 2012" (PDF). CP All. Retrieved 26 December 2015.
  2. ^ a b "CP All 2014 Annual Report". CP All. Retrieved 26 December 2015.
  3. ^ "Financial Highlights (Yearly)". CP All. Retrieved 26 December 2015.
  4. ^ About 7-Eleven, 7-Eleven.
  5. ^ Thongtep, Watchironont (7 July 2016). "Study highlights importance of brand-building in tough economy". The Nation. Retrieved 7 July 2016.
  6. ^ a b "AboutUs". CP All. Retrieved 26 December 2015.
  7. ^ "Settlement Committee imposes fines on MAKRO insider trading". The Securities and Exchange Commission (Thailand). 2015-12-02. Retrieved 26 December 2015.
  8. ^ Kawase, Kenji (2015-12-23). "Insider trading: Thailand's old normal". Nikkei Asian Review. Retrieved 26 December 2015.
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