Type Public Number of locations 9,000 stores (2016) Headquarters Thailand Founded 1988, Thailand | Traded as SET: CPALL Area served Thailand Founder Charoen Pokphand | |
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Industry Retail (Convenience stores) Key people Dhanin Chearavanont (Chairman)
Korsak Chairasmisak (Chairman of the Executive Committee) Stock price CPALL (BKK) THB 59.75 -0.25 (-0.42%)3 Mar, 4:35 PM GMT+7 - Disclaimer CEO Tanin Buranamanit (7 Aug 2013–) | ||
The everlasting teacher cp all public co ltd finalist
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.
Contents
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. 7-Eleven stores are patronized by 10.9 million customers everyday.
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).
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. 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".