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Wednesday, May 8, 2024

Court to mull CP-Tesco merger

Lotus unveils new brand “Lotus’s” at two pilot stores, including this Ramintra branch.

The Administrative Court has agreed to consider a petition lodged by a group of consumer watchdogs over the Trade Competition Commission’s (TCC) decision to approve the merger of CP Retail Development Co and Tesco Stores (Thailand) Ltd.

Led by the Foundation for Consumers, the network of 37 consumer advocacy groups filed the petition on March 14, urging the court to issue an injunction to prevent possible negative impacts on consumers.

On March 22, the court decided to take up the case and asked the petitioners to submit a written explanation as to why an injunction is necessary, along with evidence to support the claim.

Saree Ongsomwang, secretary-general of the Foundation for Consumers, told the media yesterday…

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