UK: Thai billionaire Dhanin Chearavanont keen on Tesco Lotus deal

[kieran2698]

Yes, as well as other royalist days, this is besides the point though as it is only Yellow Shirts who insist their staff wear yellow shirts every Monday. Why do you think he dropped the idea, do you think he fell out of love with the King or do you think he might of thought it unwise to continue such an obvious display of his personal politics? I feel safe in my assumption that this billionaire is not about to challenge the current rule.

No, you are completely wrong.

At one stage nearly the whol;e adult population were wearing yellow shirts on Mondays, this preceded the political yellow shirt movement.

You are correct that the Kings birth colour precedes the political decision to wear yellow shirts and, if this had happened back in 2006, then you really would have had a point but, CP made their staff wear yellow in 2012!

[khunPer]

Didn't he sell off Lotus to Tesco, and then becoming Tesco-Lotus, some years back, and used the Lotus profit to buy a 7-elleven franchise for Thailand...?

It has been named Tesco - Lotus from day one. He sold his shares to Tesco because he was in financial problems during the 1997 economic crisis. I think he owned 7/11 by that time already.

Thanks.

Yes, might be caused by the 1997 crisis, but I seem to remember it started as Lotus and CP All kept the Lotus stores in Hong Kong.

And also yes and thanks, he did own the 7-eleven franchaise at that time.

Just checked for further facts...

Wikipedia says:

Tesco Lotus started from the Lotus Supercenter chain started in 1994 by the Charoen Pokphand (henceforth "CP") Group with the first store opening in Seacon Square. In 1998, the British supermarket chain Tesco took a stake to create "Tesco Lotus". CP Group sold most of its shares in Tesco Lotus in 2003. CP operates a chain of "Lotus Supercenters" in China which have a similar logo to the old Tesco Lotus logo, although the companies are not connected.

and about 7-eleven:

Thailand

The first store opened in 1989 on Patpong Road, Bangkok. The franchise in Thailand is the CP ALL Public Company Limited, which in turn grants franchises to operators. There are 7,816 7-Eleven stores in Thailand as of 2013, with approximately 50% located in Bangkok. Thailand has the 3rd largest number of 7-Eleven stores after Japan and the United States.

[Chonburiram]

One of my New Year's resolutions was not to give my business to 7 anymore.

This guy is greedy beyond belief.

Did you ever wonder why near your favorite 7 a second one opened? It's because, these are directly owned by CP, trying to kill off the franchisee...

CP is also very interested in the pharmacy retail business...

[samran]

No monopolies commission in Thailand of course. The more money you have, the more control you have.

Ha, amusingly enough there is a trade competition act, but as with most things in Thailand, it is there but not enforced.

To quote from a page: Thailand Journal of Law and policy:

The law requires that the Trade Competition Commission ("TCC") propose a threshold market share and/or sales figure that determines whether an enterprise is "dominant," ............................ After six years, the Commission has not yet passed these threshold figures. This is due mainly to strong opposition from large businesses and the government's own lack of interest in enforcing the law because of its strong ties to such businesses. Today, the business conduct of dominant players in the market and all mergers and acquisitions essentially remain unregulated.

It is a bit more complex than that.

To define 'dominant' you need to determine dominant in what market. First you need to define the market and that requires a particular level of economic analysis to define the market for a particular good or service. Once youve done that you need to then figure out if a particular company is dominant in that market.

But even then, it isn't necessarily illegal to be dominant. What is illegal in advanced jurisdictions is that that dominance is not exploited to make the market uncompetitive.

[Johpa]

The tragedy for Thailand is that Dhanin's family takes the profits from their Thai adventures, avoiding many taxes, and then reinvesting those profits in his homeland of China, with only minimal reinvestment in Thailand. Dhanin's closest political allies take their immense profits and either invest overseas or simply place them under the mattress in the form of gold. And you wonder why the education system gets short thrift or why the public sector employees must rely upon graft to survive. It is all part and parcel of the colonial model to extract as much as possible and reinvest the least possible, the slumlord model of efficiency. Chaiyo!

[Familyonthemove]

At least we'll have Big C to provide some competition.

[Anthony5]

At least we'll have Big C to provide some competition.

You couldn't find the sarcasm emoticon I assume?

[Jay Sata]

The tragedy for Thailand is that Dhanin's family takes the profits from their Thai adventures, avoiding many taxes, and then reinvesting those profits in his homeland of China, with only minimal reinvestment in Thailand. Dhanin's closest political allies take their immense profits and either invest overseas or simply place them under the mattress in the form of gold. And you wonder why the education system gets short thrift or why the public sector employees must rely upon graft to survive. It is all part and parcel of the colonial model to extract as much as possible and reinvest the least possible, the slumlord model of efficiency. Chaiyo!

That sounds like the Shin business model?

[Familyonthemove]

At least we'll have Big C to provide some competition.

You couldn't find the sarcasm emoticon I assume?

Is this just yet another example of pointless TV negative comments or do you have a valid point to make?

Big C is partly owned by the Casino group from France and has a Thai speaking French CEO. Since Big C acquired Carrefour they have the scale to compete with Tesco.

Tesco under full CP ownership would be a less effective competitor - you can see how CP retail is struggling in China.

Those who know CP will also know it competes internally with itself - with different family members using their parts of the conglomerate to compete with each other - so they are not a fully effective monopoly. So any CP influence in Big C will be small.

[Anthony5]

At least we'll have Big C to provide some competition.

You couldn't find the sarcasm emoticon I assume?

Is this just yet another example of pointless TV negative comments or do you have a valid point to make?

Big C is partly owned by the Casino group from France and has a Thai speaking French CEO. Since Big C acquired Carrefour they have the scale to compete with Tesco.

Tesco under full CP ownership would be a less effective competitor - you can see how CP retail is struggling in China.

Those who know CP will also know it competes internally with itself - with different family members using their parts of the conglomerate to compete with each other - so they are not a fully effective monopoly. So any CP influence in Big C will be small.

My remark was more in the line of, you see Big C as a competition to anything?

When I'm hungry I walk around in Big C and I lose my appetite right away, works wonders for my dieting.

However you're correct that Big C acquired Carrefour, those companies should never be mentioned in the same sentence.

And Big C is not partly owned, but wholly owned through share constructions, by Casino same as Tesco Lotus is wholly owned by Tesco through similar constructions.

Edited February 11, 2015 by Anthony5

[rabid old goat]

Is this just yet another example of pointless TV negative comments or do you have a valid point to make?

Big C is partly owned by the Casino group from France and has a Thai speaking French CEO. Since Big C acquired Carrefour they have the scale to compete with Tesco.

Tesco under full CP ownership would be a less effective competitor - you can see how CP retail is struggling in China.

Those who know CP will also know it competes internally with itself - with different family members using their parts of the conglomerate to compete with each other - so they are not a fully effective monopoly. So any CP influence in Big C will be small.

My remark was more in the line of, you see Big C as a competition to anything?

When I'm hungry I walk around in Big C and I lose my appetite right away, works wonders for my dieting.

However you're correct that Big C acquired Carrefour, those companies should never be mentioned in the same sentence.

And Big C is not partly owned, but wholly owned through share constructions, by Casino same as Tesco Lotus is wholly owned by Tesco through similar constructions.

http://www.set.or.th/set/companyholder.do?symbol=BIGC&language=en&country=US

second shareholder would have to be thai as its 49% farang limit

Company Overview

Géant International BV owns and operates supermarket. The company is based in Eindhoven, the Netherlands. Géant International BV operates as a subsidiary of Casino Guichard Perrachon & Cie SA ,1 Esplanade de France,Cedex 2,Saint-Etienne, 42008,France

http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=12933430.

Edited February 11, 2015 by rabid old goat

[Anthony5]

Is this just yet another example of pointless TV negative comments or do you have a valid point to make?

Big C is partly owned by the Casino group from France and has a Thai speaking French CEO. Since Big C acquired Carrefour they have the scale to compete with Tesco.

Tesco under full CP ownership would be a less effective competitor - you can see how CP retail is struggling in China.

Those who know CP will also know it competes internally with itself - with different family members using their parts of the conglomerate to compete with each other - so they are not a fully effective monopoly. So any CP influence in Big C will be small.

My remark was more in the line of, you see Big C as a competition to anything?

When I'm hungry I walk around in Big C and I lose my appetite right away, works wonders for my dieting.

However you're correct that Big C acquired Carrefour, those companies should never be mentioned in the same sentence.

And Big C is not partly owned, but wholly owned through share constructions, by Casino same as Tesco Lotus is wholly owned by Tesco through similar constructions.

http://www.set.or.th/set/companyholder.do?symbol=BIGC&language=en&country=US

second shareholder would have to be thai as its 49% farang limit

Company Overview

Géant International BV owns and operates supermarket. The company is based in Eindhoven, the Netherlands. Géant International BV operates as a subsidiary of Casino Guichard Perrachon & Cie SA http://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=12933430.

And who are Britanny Holding company and Thailand NDVR company controlled by?

Same as with Tesco - Lotus, less than 50% is owned by Tesco as required by Thai law, so CP sold his shares to Ek-Chai distribution. Now who contols Ek-Chai?

[rabid old goat]

NVDR > http://www.set.or.th/nvdr/en/about/about.html

[Anthony5]

NVDR > http://www.set.or.th/nvdr/en/about/about.html

Did you see this?

Thai NVDR is responsible for issuing and selling Non-Voting Depository Receipts (NVDRs) to investors.Those investors can be anyone isn't it.Do you think it's a coincidence that NVDR was founded shortly after Casino acquired it's controlling stake.

http://en.wikipedia.org/wiki/Big_C

After the Asian financial crisis of 1997, Big C Supercenter Public Company Limited decided to form a business alliance with France-based Groupe Casino, known for its Géant stores. Groupe Casino bought 530 million shares of a capital increase in 1999, making them the largest shareholder after the company's recapitalization.

After securing the controlling stake in Big C, Groupe Casino decided to sell Big C's entire garment business in order to concentrate only on the retail activity and strengthen the efficiency of the current operation.

Any info on who is behind Brittany holding company?

You will have noticed that if Brittany and NVDR join hands they control Big C, why they wouldn't grab control if it's that simple?

Edited February 11, 2015 by Anthony5

[Familyonthemove]

At least we'll have Big C to provide some competition.

You couldn't find the sarcasm emoticon I assume?

Is this just yet another example of pointless TV negative comments or do you have a valid point to make?

Big C is partly owned by the Casino group from France and has a Thai speaking French CEO. Since Big C acquired Carrefour they have the scale to compete with Tesco.

Tesco under full CP ownership would be a less effective competitor - you can see how CP retail is struggling in China.

Those who know CP will also know it competes internally with itself - with different family members using their parts of the conglomerate to compete with each other - so they are not a fully effective monopoly. So any CP influence in Big C will be small.

My remark was more in the line of, you see Big C as a competition to anything?

When I'm hungry I walk around in Big C and I lose my appetite right away, works wonders for my dieting.

However you're correct that Big C acquired Carrefour, those companies should never be mentioned in the same sentence.

And Big C is not partly owned, but wholly owned through share constructions, by Casino same as Tesco Lotus is wholly owned by Tesco through similar constructions.

I get what you mean now. I think Big C is more focused on the local market than Carrefour used to be, and yes Tesco is all foreign (UK) owned, but I thought Big C had some local ownership? In theory all retailers in Thailand need to be at least 51% Thai?

[Familyonthemove]

At least we'll have Big C to provide some competition.

You couldn't find the sarcasm emoticon I assume?

Is this just yet another example of pointless TV negative comments or do you have a valid point to make?

Big C is partly owned by the Casino group from France and has a Thai speaking French CEO. Since Big C acquired Carrefour they have the scale to compete with Tesco.

Tesco under full CP ownership would be a less effective competitor - you can see how CP retail is struggling in China.

Those who know CP will also know it competes internally with itself - with different family members using their parts of the conglomerate to compete with each other - so they are not a fully effective monopoly. So any CP influence in Big C will be small.

My remark was more in the line of, you see Big C as a competition to anything?

When I'm hungry I walk around in Big C and I lose my appetite right away, works wonders for my dieting.

However you're correct that Big C acquired Carrefour, those companies should never be mentioned in the same sentence.

And Big C is not partly owned, but wholly owned through share constructions, by Casino same as Tesco Lotus is wholly owned by Tesco through similar constructions.

I get what you mean now. I think Big C is more focused on the local market than Carrefour used to be, and yes Tesco is all foreign (UK) owned, but I thought Big C had some local ownership? In theory all retailers in Thailand need to be at least 51% Thai?

Oops. Our posts crossed. Looks like they both had a clever way to own all the business. But at least they compete which helps keep prices down.

[Anthony5]

Is this just yet another example of pointless TV negative comments or do you have a valid point to make?

Big C is partly owned by the Casino group from France and has a Thai speaking French CEO. Since Big C acquired Carrefour they have the scale to compete with Tesco.

Tesco under full CP ownership would be a less effective competitor - you can see how CP retail is struggling in China.

Those who know CP will also know it competes internally with itself - with different family members using their parts of the conglomerate to compete with each other - so they are not a fully effective monopoly. So any CP influence in Big C will be small.

My remark was more in the line of, you see Big C as a competition to anything?

When I'm hungry I walk around in Big C and I lose my appetite right away, works wonders for my dieting.

However you're correct that Big C acquired Carrefour, those companies should never be mentioned in the same sentence.

And Big C is not partly owned, but wholly owned through share constructions, by Casino same as Tesco Lotus is wholly owned by Tesco through similar constructions.

I get what you mean now. I think Big C is more focused on the local market than Carrefour used to be, and yes Tesco is all foreign (UK) owned, but I thought Big C had some local ownership? In theory all retailers in Thailand need to be at least 51% Thai?

If Tesco find a way around to own Tesco - Lotus, then Big C will probably have the same knowledge.

You probably remember the fuss around Dtac a few years ago, that competitors accused them of being wholly foreign owned, which is not allowed for a telecoms company in Thailand and many parts of the world.

Same story. Everyone knows Dtac is wholly owned by Telenor, but they couldn't proof anything because it is the same game of share constructions.

From Wiki

Total Access Communication Public Company Limited, commonly known as DTAC, is the second largest^[2][3]GSM mobile phone provider in Thailand (after AIS). DTAC is owned by Telenor both directly and indirectly.[1

http://en.wikipedia.org/wiki/DTAC

http://www.set.or.th/set/companyholder.do?symbol=DTAC

Edited February 11, 2015 by Anthony5

[Anthony5]

Oops. Our posts crossed. Looks like they both had a clever way to own all the business. But at least they compete which helps keep prices down.

It would be better if they competed in quality rather than price.