In for a penny, in for a pound: Thailand’s Central bets big on wholesale

Thai retail conglomerate Central Retail (CRC for short) has launched full-on into the wholesale business under the name Go Wholesale, and is planning to give CP Axtra — parent company of retailer Lotus’s and wholesaler Makro — a run for its money. CP Axtra is almost twice the size of CRC by sales, or at least it was in 2022, but if Central ramps up a successful wholesale business then CP Axtra will begin to look over its shoulder. CRC’s ambition isn’t modest: it wants to open more than

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