Connect with us

Business

Consumer groups sue Trade Competition Commission for approving CP-Tesco merger

Maya Taylor

Published

 on 

PHOTO: Wikimedia

Thailand’s Trade Competition Commission has been served with a lawsuit courtesy of the Foundation for Consumers and 37 other consumer groups, as a result of a merger between the conglomerate Charoen Pokphand Group and Lotus (formerly Tesco Lotus).

“The Charoen Pokphand Group is a Thai conglomerate based in Bangkok. It is Thailand’s largest private company and one of the world’s largest conglomerates. The company describes itself as having 8 business lines, covering 13 business groups. As of 2020, the group has investments in 21 countries.” – Wikipedia

The decision by the TCC to give the merger the go-ahead has angered consumer organisations. The FFC says the deal will only serve to kill small businesses, handing an 83.97% market share of Thailand’s wholesale and retail sectors to the CP Group. It blasts the TCC for ignoring the 2017 Trade Competition Act, which required it to listen to stakeholders’ views before agreeing to the merger. The act is designed to prevent any single operator from holding more than a 50% market share in any sector.

According to a Nation Thailand report, the FCC has also accused some of those sitting on the sub-committee that approved the merger of having close links with the CP Group, in breach of the Information Act. The organisation says the merger will only serve to encourage other giants in other sectors to try to push similar deals through, leading to the biggest players dominating the market.

SOURCE: Nation Thailand

 

Get more from The Thaiger

📱 Download our app on Android or iOS
👋 Have your say on our Thailand forums
🔔 Subscribe to our daily email newsletter
📺 Subscribe / Join YouTube for daily shows
👍 Like/Follow us on Facebook
🐦 FOLLOW us on Twitter
📷 FOLLOW us on Instagram

image

Join the conversation and have your say on Thailand news published on The Thaiger.

Thaiger Talk is our new Thaiger Community where you can join the discussion on everything happening in Thailand right now.

Please note that articles are not posted to the forum instantly and can take up to 20 min before being visible. Click for more information and the Thaiger Talk Guidelines.

6 Comments

6 Comments

  1. Avatar

    Ian Bromley

    Tuesday, March 16, 2021 at 12:35 pm

    Dictatorships & authoritarian regimes like to have as few business enterprises as possible under the pretext that they are easier to control than a myriad of smalll & medium sized enterprises. In reality what is happening is that these giant businesses develop close relationships with what becomes a pliant government. Add to that the use of employment deals for the family of government leaders and you have a truly toxic economy that benefits the few at the expense of the many.

  2. Avatar

    B.T.

    Tuesday, March 16, 2021 at 7:54 pm

    This merger was against consumer interest.

  3. Avatar

    Mr cynic

    Tuesday, March 16, 2021 at 9:14 pm

    CP group have only bought back the supermarket chain it owned in the first place.the company was stretched at the time of the asian financial crisis and tesco were expanding overseas at the time and bought it for a bargain price.
    The boss has always wanted his baby back and paid tesco a very high premium to get it returned.back to square one really.

  4. Avatar

    Issan John

    Tuesday, March 16, 2021 at 11:08 pm

    Ian Bromley, before jumping to conclusions about “close realtionships” between “authoritarian regimes” and “giant businesses” you may want to look a bit closer at the families that own CP Group, such as the Vejjajiva family, as Abhisit Vejjajiva has made his politics and views on the present regime very clear.

  5. Avatar

    toby andrews

    Wednesday, March 17, 2021 at 11:14 am

    Somsee at a market stall will sell vegetables and fruit cheaper and quicker, and is more convenient than supermarkets.
    The advantage of supermarkets is that they have a vast selection, but most supermarkets are hard to go to.

  6. Avatar

    James

    Tuesday, March 23, 2021 at 9:42 am

    What are you talking about …

You must be logged in to post a comment Login

Leave a Reply

A seasoned writer, with a degree in Creative Writing. Over ten years' experience in producing blog and magazine articles, news reports and website content.

Follow Thaiger by email:

Thailand15 hours ago

Oct 1 reopening NOT confirmed, Kpop star sparks frenzy for Thai meatballs |Thailand News Today

Hua Hin17 hours ago

Final arguments Tuesday on dual pricing suit against Health Ministry

World17 hours ago

Texas lawyer dressed as Halloween’s Michael Myers to spread hurricane cheer

Welcome back to Thailand!

Thaiger is getting behind local businesses for the restart of tourism in Thailand - up to 50% discounts across all advertising packages!

Thailand18 hours ago

The Last Dance feat. Mike | Thaiger Bites | September 17

Thailand18 hours ago

No “October reopening” plan has been approved – CCSA

Thailand18 hours ago

Public Health Ministry defends October 1 reopening

image
Join the conversation on the Thaiger Talk forums today!
Coronavirus (Covid-19)18 hours ago

Friday Covid Update: 14,555 new cases; provincial totals

Crime19 hours ago

Torture and forced disappearances bills pass House vote 368-0

Bangkok19 hours ago

Bangkok Governor: NO reopening October 15 despite PM plans

Pattaya20 hours ago

Thai-Russian 4 year old girl drowns in Pattaya home pool

Phuket20 hours ago

New centre proposed to provide ATKs cheap at Phuket entrance

Thailand21 hours ago

Morning Top Stories | Covid Free setting, Pattaya bars might not open | September 17 |

Thailand21 hours ago

Thailand Daily Covid Update | Thursday, September 17 |

World21 hours ago

Foreign Minister Don to US for meetings with UN, ASEAN, more

Thailand22 hours ago

The Future of Medical Tourism in Thailand | Good Morning Thailand LIVE | Episode 91

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14 | Thaiger
Thailand4 days ago

Morning Top Stories Thailand | Police to end protests, Human Trafficking | September 14

Thailand7 months ago

Thailand News Today | Thai Airways in rehab, All go for Songkran | March 4

Tourism7 months ago

Phuket’s nightlife. Yes, bars and clubs are still open | VIDEO

Phuket7 months ago

Thailand News Today | Covid passport talks, Thai Airways heads to court | March 2

Tourism7 months ago

Phuket Thai food treats you need to try | VIDEO

Thailand7 months ago

Thailand News Today | Bars, pubs and restaurants ‘sort of’ back to normal | Feb 23

Tourism7 months ago

In search of Cat & Dog Cafés in Phuket Town | VIDEO

Thailand8 months ago

Thailand News Today | Gambling crackdown, Seafood market to reopen, Vlogger challenge | Jan 21

Thailand8 months ago

Thailand News Today | Covid testing for visas, Business impact, Vaccine approval | January 19

Thailand8 months ago

Thailand News Today | Weekend Bangkok bombs, Thailand fires, Covid update | January 18

Thailand8 months ago

Thailand News Today | Stray car on runway, Indonesian quake, 300 baht tourist fee | January 15

Thailand8 months ago

Thailand News Today | Governor off respirator, sex-trafficking arrest, condo prices falling | January 14

Thailand8 months ago

Thailand News Today | Chinese vaccine, Thailand ‘drug hub’, Covid update | January 13

Thailand8 months ago

Thailand News Today | Bangkok may ease restrictions, Phuket bar curfew, Vaccine roll out | January 12

Thailand8 months ago

Thailand News Today | Covid latest, Cockfights closed down, Bryde’s Whale beached | January 11

Trending