Makro#Thailand

SHV originated in 1896 from a merger between a number of large coal mining companies, some of which had been active since the 18th century.

In 1968, the first Makro store opened in Amsterdam. In the following years more stores opened in the Netherlands and several other European countries.

In April 1971 the first Makro in the UK opened in Eccles, Manchester. Also in 1971, the first Makro store outside Europe opened in South Africa.[https://www.makro.co.za/about/history Makro South Africa History] Retrieved 9 October 2013.

In the 1970s and 1980s, Makro extended its business to the Americas and Asia. Makro had also expanded to the United States in the mid-1980s. In 1989, Kmart bought the US locations,{{cite web|url=|title=K mart absorbs Makro, boosts clout in clubs. (warehouse membership clubs) |website=}} and converted most of them to Pace Warehouse in 1990.

Makro expanded to Asia with its first store in Thailand in 1989. Operating as Siam Makro, the company is a joint venture between Charoen Pokphand and SHV Holdings. In 1994, Siam Makro planned to be listed in the Stock Exchange of Thailand to fund an expansion programme.{{cite news |title=CP planning 1.6b baht listing of Siam Makro |url=https://eresources.nlb.gov.sg/newspapers/digitised/article/biztimes19940521-1.2.19.8.9 |access-date=12 May 2024 |work=Business Times (Singapore) |date=21 May 1994}}

The South African stores were subsequently in 1990 exchanged for a shareholding in Massmart and in 2004 SHV sold its Massmart shares.

Makro began operations in Malaysia around 1994 with its first outlet in Shah Alam, followed by another one in Selayang and in Johor Bahru. Makro Malaysia was a partnership between its parent Dutch company, the Selangor State Development Corporation (PKNS) and PKNS-Inchcape (a joint venture between PKNS and Inchcape). In its first year of operation, Makro Malaysia invested a total of RM 90 million. It had plans to open six to eight outlets in a few years.{{cite news |title=Makro Malaysia poised to invest $20m in JB wholesale centre |url=https://eresources.nlb.gov.sg/newspapers/digitised/article/straitstimes19940711-1.2.54.10?qt=makro,%20malaysia&q=makro%20malaysia |access-date=12 May 2024 |work=The Straits Times |date=11 July 1994}}

In 1998, owner SHV Holdings sold the Makro stores in Europe to German partner Metro AG.{{Cite web|title=Metro AG Annual Report 1998|url=https://www.annualreports.com/HostedData/AnnualReportArchive/m/OTC_MTAGF_1998.pdf|website=annualreports.com|access-date=29 March 2022}} The sale, announced on 29 October 1997,{{Cite web|title=29 October 1997: General agreement with Makro|url=http://www.metro.de/gb/press/press_releases/press_archiv/pm1997/pm25_97.asp?code=PR01 |archive-url=https://web.archive.org/web/20020225131756/http://www.metro.de/gb/press/press_releases/press_archiv/pm1997/pm25_97.asp?code=PR01 |archive-date=2002-02-25 |date=1997-10-29|access-date=2022-08-13|website=Metro AG}} was approved by the supervisory board of Metro AG on 17 December 1997.{{Cite web|title=18 December 1997: Supervisory Board gives the green light for Makro acquisition|url=http://www.metro.de/gb/press/press_releases/press_archiv/pm1997/pm31_97.asp?code=PR01 |archive-url=https://web.archive.org/web/20020225123711/http://www.metro.de/gb/press/press_releases/press_archiv/pm1997/pm31_97.asp?code=PR01 |archive-date=2002-02-25 |date=1997-12-18|access-date=2022-08-13|website=Metro AG}}

Makro entered the Philippine market in 1996 through a joint venture with SM Prime Holdings and the Ayala Group. In 2004, Ayala sold its 28% stake to its joint venture partners.{{Cite web |title=SEC okays capital hike of SM supermarket arm |url=https://www.philstar.com/business/67844/sec-okays-capital-hike-sm-supermarket-arm |access-date=18 June 2008 |website=philstar.com}} By late 2007, SM Investments Corporation increased its ownership in Pilipinas Makro to 60% and subsequently integrated Makro stores into its operations. Eventually, the SM Group of Companies acquired full ownership of Makro and rebranded all its stores as SM Hypermarket and SM Savemore.

On 31 January 2007, Makro Malaysia was acquired by Tesco and the 8 stores in Malaysia were converted to Tesco Extra.{{Cite news|title=Tesco says buys Makro Malaysia stores|url=https://www.reuters.com/article/makro-tesco-idUKKLR30735820061206|website=Reuters|date=20 January 2007 |access-date=20 January 2007}}

In 2010, Makro Cash & Carry Indonesia was sold to Lotte Mart and rebranded as Lotte Mart Wholesale.{{Cite web|title=Lotte Mart buys out PT Makro Indonesia|url=https://koreajoongangdaily.joins.com/2008/10/07/industry/Lotte-Mart-buys-out-PT-Makro-Indonesia/2895810.html|website=koreajoongangdaily.joins.com|date=7 October 2008 |access-date=7 October 2008}}

In 2011 Walmart took ownership of Makro in South Africa after acquiring a majority stake in Massmart (which Walmart would fully acquire later in the year).

In 2012, Metro sold the Makro UK business to Booker Group, while Makro-Habib in Pakistan was rebranded as Metro-Habib.{{Cite web|date=2011-10-24|title=Administrative control: Metro Cash and Carry to take over Makro in January|url=http://tribune.com.pk/story/281200/administrative-control-metro-cash-and-carry-to-take-over-makro-in-january|access-date=2021-01-22|website=The Express Tribune|language=en}}

In 2013, SHV sold Siam Makro Pcl. (Thailand) to CP ALL, a subsidiary of CP Group.{{Cite news|title=CP All set to acquire Siam Makro

|url=https://www.bangkokpost.com/business/346526/cp-all-set-to-acquire-siam-makro|newspaper=Bangkok Post|date=23 April 2013 |access-date=23 April 2013 |last1=Jitpleecheep |first1=Pitsinee }}

In 2014, Metro sold the Makro Greek business to Sklavenitis and rebranded as The Mart in 2016.{{cite news|title=Germany's Metro Sells Greek Cash-And-Carry Ops|url=http://home.toshiba.com/news/read/category/business/hashtag/News/article/afp-germanys_metro_sells_greek_cashandcarry_ops-afp|accessdate=18 February 2015|agency=AFP|date=December 2014|archive-url=https://web.archive.org/web/20150218143032/http://home.toshiba.com/news/read/category/business/hashtag/News/article/afp-germanys_metro_sells_greek_cashandcarry_ops-afp|archive-date=18 February 2015|url-status=dead}}

In 2020, 30 of 54 Makro stores in Brazil, were acquired by Carrefour.{{Cite web|title=Carrefour acquires 30 Makro stores

|url=https://www.retaildetail.eu/en/news/general/carrefour-acquires-30-makro-stores|website=retaildetail.eu|date=17 February 2020 |access-date=17 February 2020}}

In December 2022, Makro Cash & Carry Belgium went bankrupt in Belgium. All 6 shops closed permanently.{{Cite web |last=Times |first=The Brussels |title=Last Makro stores to close doors on Friday |url=https://www.brusselstimes.com/343631/last-makro-stores-to-close-doors-on-friday |access-date=2023-01-05 |website=www.brusselstimes.com |language=en}}{{Cite web |title=Les magasins Makro fermeront définitivement le samedi 31 décembre |url=https://www.rtbf.be/article/les-magasins-makro-fermeront-definitivement-le-samedi-31-decembre-11125934 |access-date=2023-01-05 |website=RTBF |language=fr}}

European stores can be found in the Netherlands, the Czech Republic, Slovakia, Poland, Portugal, Spain and the United Kingdom. Stores have spread to Colombia, South Africa, Argentina, Peru, Venezuela, Cambodia, Myanmar, and Thailand.

Makro stores formerly existed in China, Greece, Belgium, Indonesia, Malaysia, Morocco, Pakistan, the Philippines, South Korea, Taiwan and the United States.

Makro Netherlands operates 17 stores across the Netherlands, with seven of the stores also containing a fuel station.{{cite web|url=https://www.makro.nl/vestigingen|title=Makro Netherlands Store Locations|accessdate=27 July 2021}} Makro Netherlands is owned by the Metro Group. Since January 2018, The Chief Executive Officer is Paulo Peerenboom.{{cite web | url=https://businessam.be/ceo-moederbedrijf-makro-stapt-vroeger-dan-verwacht-op/ | title=CEO moederbedrijf Makro stapt vroeger dan verwacht op | date=24 August 2020 }}

Massmart (wholly-owned by Walmart since 2020) operates 46 Makro stores in South Africa (23 general warehouse stores, and 23 Makro Liquor stores).{{cite web|url= https://www.makro.co.za/pages/store-finder |title= Makro - Store Finder |author= |publisher= Makro |date= |access-date= 8 May 2025 }} Customers need a free Makro card to make purchases, and can obtain one in store or online. Makro South Africa is headquartered in Sandton, Gauteng, and imports certain Walmart private label items for the South African market.{{cite web|url= https://businesstech.co.za/news/business/809954/big-announcement-for-game-and-makro-stores-in-south-africa/ |title= Big announcement for Game and Makro stores in South Africa |author= Malcolm Libera |publisher= BusinessTech |date= 3 February 2025 |access-date= 8 May 2025 }}

The retail chain sells, among other things, electronics, major appliances, camping gear, sports equipment, homeware, food, clothing, and alcohol.{{cite web|url= https://www.makro.co.za/ |title= Makro - Home |author= |publisher= Makro |date= |access-date= 8 May 2025 }} In 2024 and 2025, it was found in a local news outlet's study to be the cheapest out of 6 major South African grocery retailers.{{cite web|url= https://www.capetownetc.com/news/makro-leads-as-the-most-economical-grocer-in-2024-to-date/ |title= Makro leads as the most economical grocer in 2024 to date |author= Aiden Daries |publisher= CapeTown ETC |date= 16 June 2024 |access-date= 8 May 2025 }}{{cite web|url= https://businesstech.co.za/news/lifestyle/815862/grocery-price-showdown-march-2025-woolies-vs-checkers-vs-pick-n-pay-and-more/ |title= Grocery price showdown March 2025 – Woolies vs Checkers vs Pick n Pay and more |author= Malcolm Libera |publisher= BusinessTech |date= 10 March 2025 |access-date= 8 May 2025 }}

• Makro España was founded in 1972
• Operates 37 stores in 15 different regions{{cite web|title=Makro Spain|url=https://www.makro.es/makro-espana|date=13 Dec 2022}}
• Had a total of 3700 employees (2021)
• 2021 sales was €1097 million{{cite web|url=https://www.makro.es/prensa/2022/makro-crece-en-ventas|access-date=20 April 2023|website=makro.es|title=Makro crece un 6% y espera superar ventas prepandemia en 2022|language=es}}

CP Axtra Public Company Limited was established in 1988. At the end of April 2020 there were 100 Makro stores and Makro FoodService stores in operation, serving a registered customer base of 2.6 million.{{cite web|title=Message from the Chairman|url=http://www.siammakro.co.th/en/investor.php|website=Makro|accessdate=27 April 2016}} Revenues for 2020 were 210 billion baht with a net profit of 6.2 billion baht.{{cite web|title=Financial Highlight|url=https://www.siammakro.co.th/en/investor_highlight.php|website=Makro|accessdate=27 April 2016}} Siam Makro shares are traded on the Stock Exchange of Thailand (SET).{{cite web|title=Message from the Chairman and CEO|url=http://www.siammakro.co.th/en/corporate_mess.php|website=Siam Makro|accessdate=8 November 2014|archive-url=https://web.archive.org/web/20141108064041/http://www.siammakro.co.th/en/corporate_mess.php|archive-date=8 November 2014|url-status=dead}}

In 2013, Siam Makro was purchased by Charoen Pokphand Group for US$6.6 billion.{{cite web|url=http://www.cpthailand.com/NEWS/NewsArticle/tabid/68/articleType/ArticleView/articleId/1734/CP-ALL-preparing-for-the-AEC-announces-to-acquire-Makro-to-be-a-new-distribution-channel-for-SME-and-agricultural-products-in-ASEAN.aspx|title=Charoen Pokphand Group|website=www.cpthailand.com|access-date=27 August 2015|archive-date=2 September 2015|archive-url=https://web.archive.org/web/20150902044707/http://www.cpthailand.com/NEWS/NewsArticle/tabid/68/articleType/ArticleView/articleId/1734/CP-ALL-preparing-for-the-AEC-announces-to-acquire-Makro-to-be-a-new-distribution-channel-for-SME-and-agricultural-products-in-ASEAN.aspx|url-status=dead}} CP Axtra (known as Siam Makro until 2023) is owned by CP ALL, a subsidiary of CP Group.

Makro UK operates 30 branches across the United Kingdom.{{cite web|url=http://www.makro.co.uk/about.html|title=About Makro UK|accessdate=25 May 2015|archive-url=https://web.archive.org/web/20150525223550/http://www.makro.co.uk/about.html|archive-date=25 May 2015|url-status=dead}} Since 2012 Makro UK has been owned by Booker Group,{{cite web|url=http://www.thegrocer.co.uk/channels/wholesalers/booker/booker-swoops-to-buy-up-beleaguered-makro/229568.article|title=The Grocer - Booker swoops to buy up beleaguered Makro|accessdate = 25 May 2015}} and 11 of the Makro branches now operate as a combined Booker/Makro.{{cite web|url=http://otp.investis.com/clients/uk/booker/rns/regulatory-story.aspx?cid=240&newsid=513690|title=Booker Group 2014/5 Final Results|accessdate=25 May 2015|archive-url=https://web.archive.org/web/20150525225713/http://otp.investis.com/clients/uk/booker/rns/regulatory-story.aspx?cid=240&newsid=513690|archive-date=25 May 2015|url-status=dead}}

SVH operates 35 Makro warehouse clubs{{cite web|title=Makro Venezuela|url=https://www.makro.com.ve/nosotros/|website=makro.com.ve|date=27 May 2017 |accessdate=29 March 2022}} across the country and also have a supermarket chain named Mikro with 19 stores.{{cite web|title=Venezuela intervino al mayorista Makro por su estrategia de marketing|url=https://www.merca20.com/venezuela-intervino-al-mayorista-makro-por-su-estrategia-de-marketing/|website=merca20.com|date=21 November 2017 |accessdate=29 March 2022}}

Makro sells food and non-food products, usually located in different sections of the store. Each store also contains a hot-food cafeteria, and a cash machine.

The food section always includes a fresh fish section, a wine section, fresh meat and butchery department, and refrigerated aisles. The non-food area includes clothing, DIY, office supplies, electricals, computing, and seasonals such as garden furniture.

Special offers are featured via a printed and online fortnight brochure known as Makro Mail.

The stores are not open to the general public, but serve the following trades:

• Newsagent's shops and convenience stores.
• Restaurants, hotels and caterers.
• Schools, universities, sport clubs and associations.

Customers can shop at Makro with a membership card.

Makro UK used to have the tag-line "The UK's No.1 Discounter". This tag-line was replaced with "For Professionals". Makro has subsequently changed this to "Your business partner everyday" [sic].

Recent changes to the Makro UK structure include the closure of three stores: Wolverhampton, Coventry and Swansea. Metro announced that the company has to be financially independent by 2011, and in 2012 Makro UK was sold to the rival wholesaler Booker Group in an agreement valued at around £140 million.

{{Reflist|30em}}

Category:Charoen Pokphand

Category:1968 establishments in the Netherlands

Category:Discount stores of the Netherlands

Category:Dutch brands

Category:Warehouse clubs