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CP Group raises questions with waiver requests on loan

Thailand’s Charoen Pokphand Group, which tapped the loan market for a $7.2bn bridge loan last year to acquire retail giant Tesco’s Asia business, is now seeking covenant waivers on the fundraising. The move which bankers say is triggered in part by CP’s plan to offload some of its newly-gained stake in Tesco has hurt lenders’ confidence in the Thai conglomerate and raised questions around its strategy. Pan Yue reports. ....

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Retail Market in Thailand to grow by USD 55.21 billion, Accelerates at a CAGR of almost 6% during 2021-2025

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NEW YORK, April 28, 2021 /PRNewswire/ The retail market in Thailand is set to grow by USD 55.21 billion, progressing at a CAGR of almost 6% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Retail Market in Thailand by Product and Distribution Channel - Forecast and Analysis 2021-2025
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Aeon Co. Ltd., Berli Jucker Public Co. Ltd., Central Group of Company, CP All Public Co. Ltd., Foodland Supermarket Co. Ltd., Home Product Center Public Co. Ltd., Isetan Mitsukoshi Holdings Ltd., Seven & i Holdings Co. Ltd., Tesco Plc, and The Mall Group are some of the major market participants. The growing demand for convenience food products will offer immense growt ....

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