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LOTS Wholesale Solutions Expands Footprint With its Third Store in India

Press Trust of India  |  NEW DELHI 

/ -- Commences operations in - first store in - from 12th Jan 2019 Launches its own private label and LOTS Wholesale Solutions, a part of the USD 50 billion Group ("CP Group") and a wholly owned subsidiary of Siam Public Company Limited ("Siam Makro") from Thailand, today unveiled its third wholesale distribution centre in at Ithum, Sector 62, In 2018, the company inaugurated their stores at Netaji Subhash Place and Akshardham. The three stores, opened within a span of seven months, will cater to a total of 1,40,000 registered customers in Delhi NCR.

store in is the first step towards the company's commitment of investing INR 250 crores in the state of The expansion plan will witness the opening of more stores in the state in the coming years.

The new store in Noida is spread over an area of 50,000 sq ft and will provide its customers with more than 5,500 assorted products in and categories. It will cater to over 40,000 business customers with a diverse clientele including Kiranas, hotels, restaurants and caterers (HoReCa), corporates, MSMEs and institutions such as government agencies, educational institutes and hospitals from the catchment area.

In addition to the announcement of its third store, also launched its own brands and with an aim to provide best at economical prices. The first two product categories introduced under these brands are bakery items and home-cleaning.

Talking about the launch of the third store in India, Mr. Tanit Chearavanont, Managing Director, LOTS Wholesale Solutions, said, "Following our values of victory, we have outperformed ourselves and unveiled the third store within a span of seven months. As promised, we delivered our two stores in 2018. was an obvious choice for expansion after Delhi NCR, owing to the proximity to the enormous market opportunity in the state. It fits well within our cluster strategy for the business in Aided by government support, we aim to establish an environment of mutual growth for farmers, traders and our business in the state. We will work directly with them to establish a strong and demand for their products."

Featuring specially curated assortments for its members, delivery services, e-commerce, credit facility etc., is a one-stop shop for all its customer needs.

About LOTS Wholesale Solutions

LOTS Wholesale Solutions, a wholly-owned subsidiary of Siam Public Company Limited (via CP Wholesale Pvt. Ltd.), was established in January 2017 in India. Siam is Thailand's leading Cash & Carry operator in wholesale for professional The company's focus in India is on meeting the needs of business customers' and ensuring their satisfaction through the provision of a wide range of products to its members which include retailers, hotels, restaurants, caterers, service business operators, government agencies, hospitals and education institutions.

About Siam Makro

Siam Makro Public Company Limited, part of the CP Group, operates under the brand name 'Makro'. Established in 1988, Makro offers a range of and at wholesale prices to over 3 million registered members in Employing over 15,000 people, Makro currently owns and manages 113 stores, 8 Siam Frozen shops and 5 Food shops in totalling 734,713 square metres of sales space and 1 Makro Cash & in The company has engaged in import, export and distribution of in Thailand, Cambodia, Hong Kong, Singapore, UAE and through its subsidiaries and other relevant businesses.

About Group

Founded in 1921 as a seed trading store for Thai farmers, the Group has grown over the years into an integrated food production, distribution and business. Today considered one of Thailand's largest private company and one of the world's largest conglomerates, it is headquartered in Bangkok, with interests spanning across agribusiness and food, and distribution, telecommunications, plastics, automotive, pharmaceutical, property and financial investments.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, January 10 2019. 16:05 IST