‘Lotus’s Malaysia’ under CP AXTRA, proposes to acquire ‘The Food Purveyor’, Strengthening Its Retail Portfolio in Malaysia Toward Regional Leadership
Bangkok, 4 March 2026 – Lotuss Stores (Malaysia) Sdn. Bhd., a subsidiary of CP Axtra Public Company Limited (the “Company” or CPAXT), the operator of Makro–Lotus’s, has entered into an agreement to acquire shares in The Food Purveyor Sdn. Bhd., a leading premium supermarket retail businesses under the brands Village Grocer, B.I.G., BSC Fine Foods, OTK, and The Food Merchant, with 50 stores in total.
This transaction represents a 100% of The Food Purveyor Sdn. Bhd’s total issued and paid-up share capital, with a total investment value of MYR 1,660.0 million (approximately THB 13,483.0 million), and will not have any material impact on CPAXT’s financial position. The proposed acquisition reflects the Company’s strong commitment to expanding its strategic investments in high-potential international markets. CP AXTRA believes this investment will deliver significant benefits, including:
- Supporting retail business expansion into Malaysia, a strategic market underpinned by solid economic fundamentals and strong consumer purchasing power.
- Expanding into the premium customer segment through The Food Purveyor’s 50-store network. Combined with 70 Lotus’s stores in Malaysia, CP AXTRA will operate a total of 120 stores nationwide, strengthening its diversified customer base and serving all consumer groups.
- Expanding into prime locations in urban areas and high-income neighborhoods, enhancing the ability to access strategic areas and high-purchasing-power customer segments more rapidly.
- Leveraging the strengths and expertise, Lotus’s brings extensive capabilities in large-scale supermarket and hypermarket network management, while The Food Purveyor specializes in premium retail, enhancing growth potential across all purchasing power segments.
The transaction is expected to be completed within Q4 2026, subject to approvals from the relevant regulatory authorities.
This investment in The Food Purveyor forms part of CP AXTRA’s long-term regional expansion strategy, reinforcing sustainable growth and advancing its ambition to become a leading wholesale and retail operator in the region.
#CPAXT #CPAXTRA #ซีพีแอ็กซ์ตร้า #Lotuss
