Thailand's largest private company outdoes its peers

CP keeps the plates spinning

A MYSTERIOUS THAI tycoon recently purchased Fortune, a business magazine that was formerly part of the Time Inc stable, for $150m. The publication’s title suits Chatchaval Jiaravanon, a member of the Chearavanont family, among Thailand’s richest. The clan’s wealth comes from the Charoen Pokphand Group (CP), a conglomerate it largely owns, which in turn presides over an agribusiness giant.

From a small seed shop opened in 1921 on the Song Wat Road in Bangkok, CP has grown to become one of Thailand’s most enormous private firms, with holdings in more than 200 subsidiaries around the world, employing 300,000 people. Last year its revenues reached 1.8trn baht ($54bn). It offers consumers everything from insurance contracts to juicy pork steaks, business flights to cars, and cloud-computing services to fancy property.

CP claims to embrace modern management methods, setting...



via Business Feeds

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