Morrisons clinches a first with Thai tie-up

LAURA ONITA

 

 

Supermarkets group Morrisons on Thursday inked its first international deal, selling products wholesale to a grocery chain in Thailand.  

 

The retailer said it will begin exporting 100 own-brand products to Big C stores in Thailand, the country’s third-biggest grocer. 

 

Chief executive David Potts, however, played down suggestions that the move meant the business was going international amid its turnaround efforts. Barring a lone shop in Gibraltar, the retailer does not have international stores. It recently agreed to supply nine Sandpiper stores in the Channel Islands. 

 

Full story: https://www.standard.co.uk/business/morrisons-clinches-a-first-with-thai-tieup-a3934991.html

 

-- EVENING STANDARD 2018-2018-09-14

Another, nail on the coffin for the Tesco-Lotus 'deal'.

my missus always used to like shopping in Morrisons in the UK ,so she will be pleased

Good, at least now we will be able to read what we're actually buying being a UK products unlike the french stuff they are peddling now that everything is written in french...

2 minutes ago, NanLaew said:

Another, nail on the coffin for the Tesco-Lotus 'deal'.

There will be a whole more box of nails needed before the Thais will prefer Big C over Tesco, or do you still think that the Brits are important for the revenue of a Thai supermarket

Uttaradit does not have a Big C yet but one has been proposed , how much extra are people going to have to pay for all of these imported goods an example i usually the Australian cereal Weet-Bix which was 98baht per box of 24 rom Tesco Lotus but it is now 108baht so i wont be buying them any more it seems that Tesco is raising the prices of most things making it very expensive to shop there these days especially with the exchange rate the way it is on the Aussie dollar .

6 minutes ago, keith101 said:

Uttaradit does not have a Big C yet but one has been proposed , how much extra are people going to have to pay for all of these imported goods an example i usually the Australian cereal Weet-Bix which was 98baht per box of 24 rom Tesco Lotus but it is now 108baht so i wont be buying them any more it seems that Tesco is raising the prices of most things making it very expensive to shop there these days especially with the exchange rate the way it is on the Aussie dollar .

Do you eat 2 or 3 per day? The 10 baht extra will not make much difference to your weekly outlay. But of course, if everything went up by 10 baht eg beer, then it would.

27 minutes ago, ezzra said:

Good, at least now we will be able to read what we're actually buying being a UK products unlike the french stuff they are peddling now that everything is written in french...

They will probably cover the English ingredients list with a Thai label. Drives me craze. 

26 minutes ago, ezzra said:

Good, at least now we will be able to read what we're actually buying being a UK products unlike the french stuff they are peddling now that everything is written in french...

Not so sure that is such good news? most times I can read exactly what I am buying and consuming I generally am disgusted and strike it off the list! Were eating so much crap these days which is directly proportional to the increase in ill health! ?

Not being a Brit: What's special about Morrisons' products that another brand does not provide?

52 minutes ago, ezzra said:

Good, at least now we will be able to read what we're actually buying being a UK products unlike the french stuff they are peddling now that everything is written in french...

The 'I really need to get out more' post of the day award goes to...

4 minutes ago, Kaoboi Bebobp said:

Not being a Brit: What's special about Morrisons' products that another brand does not provide?

Nothing. 

50 minutes ago, janclaes47 said:

There will be a whole more box of nails needed before the Thais will prefer Big C over Tesco, or do you still think that the Brits are important for the revenue of a Thai supermarket

I was referring to the 'Tesco' bit of the 'deal'. Thai's will keep spending their money at Tesco-Lotus, buying all the Thai tucker they can afford. I never suggested that Brit pensioners spending their monthly fiver on Tesco-brand teabags and digestives was significant.

 

Tops has a tie-in with Waitrose.

 

Now Big C are adding Morrisons to the Francophile Casino imports.

 

So despite Tesco-Lotus's significantly reduced imported UK product line, the empire will prevail.

49 minutes ago, NCC1701A said:

They will probably cover the English ingredients list with a Thai label. Drives me craze. 

The 'I really need to learn the local lingo' post of the day award goes to...

25 minutes ago, NanLaew said:

The 'I really need to get out more' post of the day award goes to...

 

Just now, NanLaew said:

The 'I really need to learn the local lingo' post of the day award goes to...

 

The 'I really want to sound superior' posts of the day go to.............

38 minutes ago, Bluespunk said:

Nothing. 

That is my opinion, I think these "home" brands came about so they could sell a lot at a cheap price & still make a huge profit? bet the cheap price doesn't make it across the water! Bet the huge profit margin does.

Edited September 14, 20187 yr by CGW

1 hour ago, CGW said:

That is my opinion, I think these "home" brands came about so they could sell a lot at a cheap price & still make a huge profit? bet the cheap price doesn't make it across the water! Bet the huge profit margin does.

Casino products in Big C are sold at an average 300% of the price in France. Some of them at 1000%

2 hours ago, janclaes47 said:

There will be a whole more box of nails needed before the Thais will prefer Big C over Tesco, or do you still think that the Brits are important for the revenue of a Thai supermarket

 

In Khampaeng Phet BigC has a large shopping mall and Lotus Tesco is a small pokey shop some distance away. Last year Robinson's opened a large mall while Lotus stagnates.

 

It all depends on where you live.

 

Lotus has a very large shopping mall in Phitsanulok but why would I want to travel 180 km each way and about 5 hours travelling time?

What i hope is that they will bring more lines than Tesco do.  How about some decent Spread Cheese, Pate, Pork Pies, Cornish Pasties and a lot more English Biscuit lines than Tesco do ?    It will be good if they have studied what's already available here and add to it, not copy it.

Just now, billd766 said:

It all depends on where you live.

I live in Thailand, and i think that is what my comment was about, not about some dirt track somewhere in the middle of nowhere.

 

Tesco is the biggest retailer in Thailand, so I guess that means the most Thai people shop there, and obviously a small shop can accomadate less people than a much larger store

1 hour ago, janclaes47 said:

 

 

The 'I really want to sound superior' posts of the day go to.............

The 'why can't I ever come up with a dazzling riposte' post of the day award goes to...

13 minutes ago, janclaes47 said:

I live in Thailand, and i think that is what my comment was about, not about some dirt track somewhere in the middle of nowhere.

 

Tesco is the biggest retailer in Thailand, so I guess that means the most Thai people shop there, and obviously a small shop can accomadate less people than a much larger store

Undeniably Tesco's are the largest but do you what proportion of that market share is through their suburban and provincial countryside Tesco Lotus Express outlets where foreign-sourced stuff doesn't feature?

 

If the foreign-sourced goods aren't that significant, do you have an opinion on why Big C would apparently be broadening their imported foods range?

Edited September 14, 20187 yr by NanLaew

Just now, NanLaew said:

Undeniably Tesco's are the largest but do you what proportion of that market share is through their suburban and provincial countryside Tesco Lotus Express outlets where foreign-sourced stuff doesn't feature?

 

If the foreign-sourced goods aren't that significant, why would Big C be apparently broadening their imported foods range?

 

I'm pretty sure that the have no intention to go sell the foreign stuff in locations where they don't sell foreign foods already.

 

What their reasoning is I don't know, but it looks to me as if they Morrisons will be responsible, and there will be little investment from Big C.

 

May be they also want to get rid of Casino, and this is just a replacement.

14 minutes ago, janclaes47 said:

 

I'm pretty sure that the have no intention to go sell the foreign stuff in locations where they don't sell foreign foods already.

 

What their reasoning is I don't know, but it looks to me as if they Morrisons will be responsible, and there will be little investment from Big C.

 

May be they also want to get rid of Casino, and this is just a replacement.

TBH, the availability of a broader range of quality imported stuff is already being facilitated by numerous small businesses in Bangkok and the boonies. I have heard that the rigmarole that foreign stuff has to go through with the Thai FDA before it can be approved for importation is quite a bureaucratic struggle as well.

 

Could be right about easing out Casino. Their range when Big C acquired Carrefour was quite significantly bigger and subsequently downsized to the current Casino stuff. Maybe there's more Brits buying beans than French buying haricots. The quantity of Waitrose stuff at the more up-market Tops, Central Food Hall and other affiliates hasn't really changed much either. Since Tesco-Lotus has reduced their import range significantly, probably the 100 Morrisons items is just a very small test market.

Edited September 14, 20187 yr by NanLaew

30 minutes ago, janclaes47 said:

I live in Thailand, and i think that is what my comment was about, not about some dirt track somewhere in the middle of nowhere.

 

Tesco is the biggest retailer in Thailand, so I guess that means the most Thai people shop there, and obviously a small shop can accomadate less people than a much larger store

Funny that.

 

I live in Thailand as well and not as you so insultingly put it along some dirt track to nowhere. I seriously doubt that most Thai people shop there.

 

There is much more to Thailand than living in a big city and far more Thais live outside of the cities than live in them.

 

quote from your post. "Tesco is the biggest retailer in Thailand, so I guess that means the most Thai people shop there, and obviously a small shop can accommodate less people than a much larger store." 

 

Using the term "I guess" means that you really don't know and are simply making a WAG.

3 hours ago, keith101 said:

Uttaradit does not have a Big C yet but one has been proposed , how much extra are people going to have to pay for all of these imported goods an example i usually the Australian cereal Weet-Bix which was 98baht per box of 24 rom Tesco Lotus but it is now 108baht so i wont be buying them any more it seems that Tesco is raising the prices of most things making it very expensive to shop there these days especially with the exchange rate the way it is on the Aussie dollar .

Can’t get on with Ozzie weet-bix. Have to pay even more for tesco own brand weetabix but worth the extra ?

12 minutes ago, billd766 said:

 

quote from your post. "Tesco is the biggest retailer in Thailand, so I guess that means the most Thai people shop there, and obviously a small shop can accommodate less people than a much larger store." 

 

Using the term "I guess" means that you really don't know and are simply making a WAG.

Well I know you want to have the last word, so why don't you read up on the full year numbers of both, as that would give you your answer

 

http://bjc.listedcompany.com/misc/PRESN/20180309-bjc-am-4q2017-02.pdf

 

https://quotes.wsj.com/TH/TLGF/financials/annual/income-statement

 

https://www.tlgf-fund.com/misc/FS/20180712-tlgf-fs-1q2019-en.pdf

Anything that offers choice to the consumer has to be a good thing.

7 hours ago, ezzra said:

Good, at least now we will be able to read what we're actually buying being a UK products unlike the french stuff they are peddling now that everything is written in french...

except they will probably plaster a thai sticker over it.

3 hours ago, janclaes47 said:

Well I know you want to have the last word, so why don't you read up on the full year numbers of both, as that would give you your answer

 

http://bjc.listedcompany.com/misc/PRESN/20180309-bjc-am-4q2017-02.pdf

 

https://quotes.wsj.com/TH/TLGF/financials/annual/income-statement

 

https://www.tlgf-fund.com/misc/FS/20180712-tlgf-fs-1q2019-en.pdf

 

Why not read your own words in your own post.

 

Lotus Tesco may be the biggest company but it does not serve more than the other companies put together and certainly does not sell much in rural Thailand where believe it or not millions of people live.