- Business
- CP Axtra Public Company Limited, formerly Siam Makro Public Company Limited, operates as a leading membership-based cash-and-carry wholesaler and retailer of food and non-food products primarily serving business customers including retailers, hotels, restaurants, caterers (HoReCa), institutions, and professional sectors. The company offers a wide range of general consumer goods such as fresh food, dry groceries, frozen and chilled products, non-food items, household utensils, and imported specialties through its Makro wholesale stores, Makro PRO online platform, MakroClick digital channels, Siam Frozen outlets for frozen foods, Makro Foodservice formats tailored for HoReCa, and related services including warehouse management, freight delivery, storage, and restaurant operations; it also engages in retail and mall management via Lotus's hypermarkets, supermarkets, mini-supermarkets, Go Fresh convenience stores, Lotus's Privé premium hypermarkets, Lotus's Eatery food courts, and SMART Community Centers, alongside leasing commercial spaces in shopping centers. CP Axtra conducts its wholesale operations in Thailand, Cambodia, Myanmar, Vietnam, China, and previously India under brands like LOTS Wholesale Solutions; its retail activities span Thailand and Malaysia with distribution centers supporting fresh, ambient, and regional logistics. Founded in 1988 and headquartered at 1468 Phatthanakan Road in Bangkok, Thailand, the company listed on the Stock Exchange of Thailand under the ticker MAKRO (now CPAXT) and maintains subsidiaries such as Makro ROH Company Limited and Smart Distribution Service Co., Ltd. In June 2023, it rebranded from Siam Makro Public Company Limited to CP Axtra Public Company Limited following the acquisition and integration of Lotus's retail business via a business transfer from CPRH and subsequent amalgamation with Ek-Chai Leasing Company Limited on October 1, 2024, which streamlined its structure under a single listed entity relisted as CPAXT on October 3, 2024; recent initiatives include the November 2024 partnership with GroupM Thailand to launch Makro Retail Media Network for digital in-store advertising and omnichannel marketing targeting entrepreneurs, the conversion of LPF to Axtra Future City Freehold and Leasehold Real Estate Investment Trust (AXTRART) listing on December 12, 2024, and ongoing digital transformations such as unmanned smart stores, Makro PRO ecosystem enhancements, and Oracle-implemented retail management solutions to bolster omnichannel capabilities and supply chain efficiency.