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First store of Lots Wholesale Solutions opens in Delhi.
The Charoen Pokphand Group (CP Group), a Thai conglomerate, has opened its first store in India. Located in Delhi, it is a 4,600 sq m cash and carry store operating under the banner of Lots Wholesale Solutions.
Lots Wholesale Solutions is targeting the traditional channel, local retailers and local suppliers and has announced its intention to break even within five years. It has also said that it will be looking to open two more stores in 2018 and another five in 2019. These stores will be located mainly in the Delhi area as it sets out to establish its presence there before venturing into other parts of India.
Operating as a members-only store, the store is focused on fresh food and groceries and also provides storage facilities and modern warehousing. The retailer has also indicated plans to launch an ecommerce platform for its members.
In Thailand, CP Group’s main retail operations is the 7-Eleven franchise, and it also operates the Makro cash and carry business. It also operates stores in China under the Lotus brand and has now turned its focus on the Indian market.
More information about the CP Group can be found here.
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