CP Axtra buys Malaysian supermarket operator The Food Purveyor for RM1.7 billion

theedgemalaysia.com

Thai company CP Axtra is acquiring Malaysia's The Food Purveyor for RM1.7 billion. The deal includes popular supermarket chains Village Grocer and Ben's Independent Grocer. The acquisition is expected to finalize by the fourth quarter of 2026, pending regulatory approvals. CP Axtra, the retail arm of CP Group, is expanding its Southeast Asian footprint. This follows CP Group's 2020 acquisition of Lotus's in Malaysia.


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CP Axtra buys Malaysian supermarket operator The Food Purveyor for RM1.7 billion | News Minimalist