Kuala Lumpur, Malaysia – Lotus’s Stores Malaysia, a subsidiary of CP AXTRA, has signed an agreement to acquire 100% of the issued and paid-up share capital of The Food Purveyor for MYR 1.66b (approximately THB 13.48b, or USD 425.8m).
The Food Purveyor operates 50 supermarket outlets in Malaysia under the brands Village Grocer, B.I.G., BSC Fine Foods, OTK, and The Food Merchant. Upon completion of the transaction, CP AXTRA will expand its footprint in Malaysia’s retail sector, adding the 50 stores to its existing network of 70 Lotus’s outlets in the country, bringing the total to 120 stores nationwide.
According to CP AXTRA, the proposed acquisition will not have any material impact on the company’s financial position. The move forms part of its strategy to strengthen its presence in Malaysia, which it described as a strategic market supported by solid economic fundamentals and consumer purchasing power.
The acquisition also marks CP AXTRA’s entry into Malaysia’s premium supermarket segment, broadening its customer base across different income groups. The Food Purveyor’s portfolio includes outlets located in urban areas and high-income neighbourhoods, providing access to prime retail locations.
CP AXTRA said the combination would allow both businesses to leverage their respective strengths, with Lotus’s bringing experience in large-scale supermarket and hypermarket operations, while The Food Purveyor focuses on premium retail formats.
The transaction is expected to be completed within the fourth quarter of 2026, subject to regulatory approvals.
