Makro

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Makro
Makro logo la.svg
Makro logo used in Latin America
Makro Europe logo.png
Makro logo used in Europe
Product typeWarehouse clubs
Cash and carry stores
OwnerSHV Holdings (Latin America)
InRetail (Peru)
Metro AG (Europe)
Booker Group (UK)
Massmart (South Africa)
CP All (Asia)
Introduced1968; 54 years ago (1968) (Netherlands)
Related brandsMetro
MarketsEurope
  • Belgium
  • Czech Republic
  • Netherlands
  • Poland
  • Portugal
  • Spain
  • United Kingdom
South America
  • Argentina
  • Colombia
  • Peru
  • Venezuela
Asia
  • Cambodgia
  • Myanmar
  • Thailand
Africa
  • South Africa
Makro in Kraków, Poland
Makro in Reading, England
Makro with previous logo in Częstochowa, Poland
Previous Makro logo (1993–2014)

Makro is an international brand of warehouse clubs, also called cash and carry stores. Makro was founded by SHV Holdings, a Dutch conglomerate based in Utrecht in partnership with German company Metro AG, with the first warehouse club opened in Amsterdam in 1968. Currently, ownership of the worldwide chain of stores is split between different companies like Metro AG in Europe (except UK), SHV Holdings in Latin America (except Peru) and CP All in Asia. In many countries, access to stores is restricted to business customers, and the stores are not open to the general public.

History[edit]

SHV originated in 1896 from a merger between a number of large coal mining companies, some of which had been active since the 18th century.

In 1968, the first Makro store opened in Amsterdam. In the following years more stores opened in the Netherlands and several other European countries. In April 1971 the first Makro in the UK opened in Eccles, Manchester. Also in 1971, the first Makro store outside Europe opened in South Africa.[1]

In the 1970s and 1980s Makro extended its business to the Americas and Asia. Makro had also expanded to the United States in the mid-1980s. In 1989, Kmart bought the US locations,[2] and converted most of them to Pace Warehouse in 1990.

In 1988, the first Makro store in Asia opened in Thailand.

The South African stores were subsequently in 1990 exchanged for a shareholding in Massmart and in 2004 SHV sold its Massmart shares.

In 1998, owner SHV Holdings sold the Makro stores in Europe to German partner Metro AG.[3]

Makro who opened first store in the Philippines in 1996 through a joint-venture with SM Prime Holdings and Ayala Group. In 2004 Ayala sold its 28% stake to its joint-venture partners. [4] In late 2007 SM Investments folded the Makro stores into its operations after it increased its ownership of Pilipinas Makro to 60%. The SM group took 100% in Makro, and later rebranded all Makro stores to SM Hypermarkets and SM Savemore.

On January 31, 2007, Makro Malaysia was acquired by Tesco and the 8 stores in Malaysia were converted to Tesco Extra.[5]

In 2010, Makro Cash & Carry Indonesia was sold to Lotte Mart and rebranded as Lotte Mart Wholesale.[6]

In 2012, Metro sold the Makro UK business to Booker Group, while Makro-Habib in Pakistan was rebranded as Metro-Habib.[7]

In 2013, SHV sold Siam Makro Pcl. (Thailand) to CP ALL, a subsidiary of CP Group.[8]

In 2014, Metro sold the Makro Greek business to Sklavenitis and rebranded as The Mart in 2016.[9]

In 2020, 30 of 54 Makro stores in Brazil, were aquirred by Carrefour.[10]

Store locations[edit]

European stores can be found in the Netherlands, Belgium, the Czech Republic, Poland, Portugal, Spain and the United Kingdom. Stores have spread as Colombia, Peru, South Africa, Argentina, Colombia, Peru, Venezuela, Cambodia, Myanmar, Thailand.

Makro stores formerly existed in China, Greece, Indonesia, Malaysia, Morocco, Pakistan, Philippines, South Korea, Taiwan and the United States.

Netherlands[edit]

Makro Netherlands operates 17 stores across the Netherlands, with seven of the stores also containing a fuel station.[11] Makro Netherlands is owned by the Metro Group. Since January 2018, The Chief Executive Officer is Paulo Peerenboom. [12]

Thailand[edit]

Siam Makro Public Company Limited was established in 1988. At the end of April 2020 there were 100 Makro stores and Makro FoodService stores in operation, serving a registered customer base of 2.6 million.[13] Revenues for 2020 were 210 billion baht with a net profit of 6.2 billion baht.[14] Siam Makro shares are traded on the Stock Exchange of Thailand (SET).[15]

In 2013, Siam Makro was purchased by Charoen Pokphand Group for US$6.6 billion.[16] Siam Makro is owned by CP ALL, a subsidiary of CP Group.

United Kingdom[edit]

Makro UK operates 30 branches across the United Kingdom.[17] Since 2012 Makro UK has been owned by Booker Group,[18] and 11 of the Makro branches now operate as a combined Booker/Makro.[19]

Venezuela[edit]

SVH operates 35 Makro warehouse clubs[20] across the country and also have a supermarket chain named Mikro with 19 stores.[21]

Product range[edit]

Makro sells food and non-food products, usually located in different sections of the store. Each store also contains a hot-food cafeteria, and a cash machine.

The food section always includes a fresh fish section, a wine section, fresh meat and butchery department, and refrigerated aisles. The non-food area includes clothing, DIY, office supplies, electricals, computing, and seasonals such as garden furniture.

Special offers are featured via a printed and online fortnight brochure known as Makro Mail.

The stores are not open to the general public, but serve the following trades:

  • Newsagent's shops and convenience stores.
  • Restaurants, hotels and caterers.
  • Schools, universities, sport clubs and associations.

Customers can shop at Makro with a membership card.

Makro UK used to have the tag-line "The UK's No.1 Discounter". This tag-line was replaced with "For Professionals". Makro has subsequently changed this to "Your business partner everyday" [sic].

Recent changes to the Makro UK structure include the closure of three stores: Wolverhampton, Coventry and Swansea. Metro announced that the company has to be financially independent by 2011, and in 2012 Makro UK was sold to the rival wholesaler Booker Group in an agreement valued at around £140 million.[18]

References[edit]

  1. ^ Makro South Africa History Retrieved 9 October 2013.
  2. ^ "K mart absorbs Makro, boosts clout in clubs. (warehouse membership clubs) - HighBeam Business: Arrive Prepared". business.highbeam.com. Archived from the original on 2 June 2013.
  3. ^ "Metro AG Annual Report 1998" (PDF). annualreports.com. Retrieved 29 March 2022.
  4. ^ "SEC okays capital hike of SM supermarket arm". philstar.com. Retrieved 18 June 2008.
  5. ^ "Tesco says buys Makro Malaysia stores". Reuters. Retrieved 20 January 2007.
  6. ^ "Lotte Mart buys out PT Makro Indonesia". koreajoongangdaily.joins.com. Retrieved 7 October 2008.
  7. ^ "Administrative control: Metro Cash and Carry to take over Makro in January". The Express Tribune. 24 October 2011. Retrieved 22 January 2021.
  8. ^ "CP All set to acquire Siam Makro". bangkokpost.com. Retrieved 23 April 2013.
  9. ^ "Germany's Metro Sells Greek Cash-And-Carry Ops". AFP. December 2014. Archived from the original on 18 February 2015. Retrieved 18 February 2015.
  10. ^ "Carrefour acquires 30 Makro stores". retaildetail.eu. Retrieved 17 February 2020.
  11. ^ "Makro Netherlands Store Locations". Retrieved 27 July 2021.
  12. ^ https://businessam.be/ceo-moederbedrijf-makro-stapt-vroeger-dan-verwacht-op/
  13. ^ "Message from the Chairman". Makro. Retrieved 27 April 2016.
  14. ^ "Financial Highlight". Makro. Retrieved 27 April 2016.
  15. ^ "Message from the Chairman and CEO". Siam Makro. Siam Makro. Archived from the original on 8 November 2014. Retrieved 8 November 2014.
  16. ^ "CHAROEN POKPHAND GROUP". www.cpthailand.com.
  17. ^ "About Makro UK". Archived from the original on 25 May 2015. Retrieved 25 May 2015.
  18. ^ a b "The Grocer - Booker swoops to buy up beleaguered Makro". Retrieved 25 May 2015.
  19. ^ "Booker Group 2014/5 Final Results". Archived from the original on 25 May 2015. Retrieved 25 May 2015.
  20. ^ "Makro Venezuela". makro.com.ve. Retrieved 29 March 2022.
  21. ^ "Venezuela intervino al mayorista Makro por su estrategia de marketing". merca20.com. Retrieved 29 March 2022.