7-Eleven closes shop in Indonesia
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Indonesian retailer PT Modern Internasional has announced it is closing its 7-Eleven stores in Indonesia after just eight years in the country.
The company cited “limited resources” for the closures, which will see around 161 stores stop operating.
While PT Modern Internasional owns the 7-Eleven franchise in Indonesia, Japan’s Seven & I Holdings is the parent company of the convenience store chain which operates in 18 countries.
A Seven & I Holdings spokesperson told that the company would search for someone else to take on the franchise in Indonesia.
“Indonesia is an important country for us. This is not the end for 7-Eleven’s business,” they told the news agency.
Questions & Answers
Q.Which company owned the 7-Eleven franchise in Indonesia?
Which company owned the 7-Eleven franchise in Indonesia?
PT Modern Internasional owned the 7-Eleven franchise in Indonesia. This local retailer has announced it is closing all its stores in the country after eight years of operation.
Q.How many 7-Eleven stores are closing in Indonesia?
How many 7-Eleven stores are closing in Indonesia?
Approximately 161 7-Eleven stores will stop operating in Indonesia. PT Modern Internasional cited limited resources as the reason for these widespread closures across the country.
Q.What is Seven & I Holdings' plan for 7-Eleven in Indonesia?
What is Seven & I Holdings' plan for 7-Eleven in Indonesia?
Seven & I Holdings, the parent company, plans to find a new franchisee to operate 7-Eleven in Indonesia. They stated that Indonesia remains an important market and this is not the end for the brand there.