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LOTS WHOLESALE STORY

Established in India in January 2017, Lots Wholesale Solutions is a wholly-owned subsidiary of Siam Makro Public Company Limited, Thailand’s leading Cash & Carry operator in wholesale for professional business operators.

With 30 years of experience in serving B2B customers in Thailand, the company arrived in India with an aim to meet all the needs of its members by providing them with a range of products – fresh produce, packaged food, electronics, stationery, apparel and more – under one roof and in convenient pack sizes. We primarily cater to Retailers, HoReCa (Hotels, Restaurants and Caterers) and Service Providers (Government institutes, medical facilities, educational institutes etc.).

As a part of our strategy to provide best quality products at economical prices in India, Lots has launched its private label brands – Basic Plus and PlusMo in the country. Own brand portfolio includes Cleaning solutions, Bakery and Bakery products. Very soon, there will be the addition of household, personal care, confectionaries, biscuits, snacks and apparel in the categories.

The brand currently operates through 3 stores located in Netaji Subhash Place, Akshardham and Noida Sector 62. The three stores, opened within a span of six months of operations, cater to more than 1,40,000 registered customers in Delhi NCR. The plan is to take this number up to 15 stores in the first three years.

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HERITAGE
ABOUT CP GROUP

Founded in 1921 by Chia Ek Chor, the Charoen Pokphand Group (‘CP Group’) is Thailand’s largest private company and one of the world’s largest conglomerates. The company has businesses in several areas including retail, telecommunication, media, e-commerce, property development, plastics, automotive, finance, insurance and pharmaceutical and is recognised as a global leader and innovator in the food business.

The company employs over 350,000 people and has investments and presence in over 30 countries around the world.

To further CP Group’s desire to vertically link their businesses, Siam Makro Public Company Limited was established in 1988 as a retail and distribution company. It became a part of the CP Group in 2013 and is currently headed by Mr. Arsa Sarasin, Chairman and Ms. Suchada Ithijarukul, CEO.

ABOUT Siam Makro

Siam Makro Public Company Limited is Thailand’s largest cash and carry operator, in business since 1988 under the brand name “Makro”, operating through 131 stores, employing over 15,000 people and catering to over 3 million registered members in the country. Makro follows a customer-centric strategy with a focus on product development. Customers get access to the best prices, along with unmatched quality and hygiene, owing to Makro’s emphasis on controlling end-to-end processes. With multiple store formats like Makro Classic stores (for small retailers), Makro Food Service stores (for HoReCa), Siam Frozen (for frozen food needs) and Siam Food service (for premium food products), Makro caters to the diverse needs of its business customers and continuously work towards always upholding their motto of being ‘Your Trusted Partner’.

Mrs. Suchada Ithijarukul

Group CEO, Siam Makro Public Company Limited

Mrs. Suchada Ithijarukul is the CEO of Siam Makro Public Company Limited. Under her stewardship, Makro has significantly expanded its geographical footprint and shown exponential growth in turnover. With over three decades of experience in the wholesale cash and carry industry, her guidance and advice have guided LOTS Wholesale Solutions’ successful growth in India. In addition to her other professional achievements, Mrs. Ithijarukul has received the Thailand Role Model of Professional Women Award from The Federation of Business and Professional Women’s Association of Thailand and the Best CEO Award in Service Category from Investment Analysts Association in 2014. Mrs. Ithijarukul holds a bachelor’s degree in Accountancy from Chulalongkorn University, Thailand, and a certificate in Director Accreditation Program from Thai Institute of Directors.

Mr. Tanit Chearavanont

Managing Director and Member of the Board

Mr. Tanit Chearavanont was appointed the Managing Director of LOTS Wholesale Solutions in November 2017. He also serves as a member on the board of LOTS Wholesale Solutions, in addition to being an Associate Director at Siam Makro Public Company Limited. Mr. Chearavanont successfully lead the clearance process from the legal board, as well as the CP Group approval for market entry into India, starting with Delhi NCR; in addition to receiving clearance for Indian company registration. Mr. Chearavanont’s profile in LOTS Wholesale Solutions encompasses responsibility for leading the overall business operations in India. Mr. Chearavanont’s brings with him a strong background and multifaceted experience across M&A, corporate finance and consumer & retail industry. In a previous role, Mr. Chearavanont’s worked as the Director Operations of CP Wholesale India. He also worked with UBS AG in Hong Kong as an investment banker across different industries. This experience in banking industry was an added advantage to the organisation as it set up operations in India. He holds a Bachelor of Arts Degree in History from Harvard University, in Massachusetts, U.S.

Mr. Nishant Rayirath

Director, Commercial

Mr. Nishant Rayirath is the Director, Commercial for LOTS Wholesale Solutions and is a part of the core team that was responsible for setting up LOTS Wholesale Solutions in India. He is responsible for the merchandising strategy and the development of the vendor ecosystem in India.Prior to joining LOTS Wholesale Solutions, Mr. Rayirath worked with Metro Cash & Carry for over a decade and has over 15 years of experience in wholesale cash & carry operations. He has experience of various roles across FMCG, Fashion, Home, Electronics, Private label development, Analytics, Imports and more. In addition to the above, Nishant has also had a valuable stint in contract advertising, having worked with strong brands like Himalaya and Madura Garments. His experience across industries and different sector benefits LOTS Wholesale Solutions’ merchandising strategy in India.

Mr. Rayirath holds a Postgraduate Certificate in Business Management from XIM, Bhubhaneswar, and is a Gold Medallist in Mathematics from Lala Lajpat Rai College. He has a proven track record of building teams with diverse backgrounds and is able to bring out the best in them.