Who owns Makro?
Makro is owned by CP Axtra (Thailand, SET: CPAXT).[1]
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
Evidence: CP Axtra — Company Overview, CP Axtra Public Company Limited. Last checked .
Key facts
- Current owner
- CP Axtra Public Company Limited reported
- Owner HQ
- 🇹🇭 Thailand, Bangkok
- Origin
- 🇹🇭 Thailand, Bangkok
- Founded
- 1988
- Category
- Retail › General merchandise › Warehouse clubs & variety stores
- Parent ticker
- SET: CPAXT
- Last verified
- · 1 sources
About Makro
Makro is the wholesale chain CP Axtra began as Siam Makro in 1988, with a first store in Bangkok's Ladprao district in 1989. The company says it sells food and non-food goods to registered members, mainly small businesses, retailers, caterers and institutions, and also offers its own-brand goods in other Asian markets.
Ownership timeline of Makro
Where Makro sits in CP Axtra
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
Open the full CP Axtra ownership tree →
See the full CP Axtra brand portfolio (5) →
Other brands owned by CP Axtra
CP Axtra controls 5 brands on Brandtree, 2 of them in retail.
Also in retail
Other brands in warehouse clubs & variety stores, and who owns them
| Brand | Owner | Owner based in |
|---|---|---|
| BJ's Wholesale Club | BJ's Wholesale Club | 🇺🇸 United States |
| PriceSmart | PriceSmart | 🇺🇸 United States |
| S&R Membership Shopping | Puregold | 🇵🇭 Philippines |
Every brand in warehouse clubs & variety stores and its owner →
About the owner: CP Axtra
CP Axtra is a publicly listed company headquartered in Bangkok, Thailand, founded in 1988. Brandtree records 5 brands under its control, and it is listed as SET: CPAXT.
CP Axtra is the Bangkok-listed company that operates the Makro wholesale chain and the Lotus's retail business. Its overview page says it was established as Siam Makro in 1988, opened its first Makro store in the Ladprao district in 1989 and listed on the Stock Exchange of Thailand in 1994. It took over Lotus's in October 2021 and later changed its name to CP Axtra.
🇹🇭 Makro and other Thai brands
Brandtree records a controlling owner for 72 brands that began in Thailand. 6 of them (8%) are now controlled by a company headquartered in another country; Makro is not one of them.
- Central Department Store — Central Retail 🇹🇭
- All Coco — Sappe 🇹🇭
- Anantara Hotels & Resorts — Minor International 🇹🇭
- Authentic Asia — CP Foods 🇹🇭
- BTS SkyTrain — BTS Group 🇹🇭
- Babi Mild — Osotspa 🇹🇭
Frequently asked questions
Who is the parent company of Makro?
The parent company of Makro is CP Axtra, a publicly listed company headquartered in Thailand.
Is Makro Thai?
Yes. Makro originated in Thailand in 1988 and its owner, CP Axtra, is also headquartered in Thailand.
Is Makro still owned by CP Axtra?
Yes. As of 14 October 2026, Makro is still owned by CP Axtra. The ownership record was last checked against primary sources on that date.
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] CP Axtra — Company Overview — CP Axtra Public Company Limited, Official document; retrieved 14 October 2026.
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