Aeon Indonesia dumps Ministop c-store partner
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Aeon Indonesia has ended its partnership with its local partner in the Ministop c-store chain.
The move will result in Aeon exiting the market temporarily while it seeks a new business partner.
According to local media reports, Aeon teamed with Bahagia Niaga Lestari (BNL) in 2012. But after four years, the joint venture has managed to open just six stores.
Aeon has meanwhile been expanding its Ministop network across Vietnam, the Philippines and South Korea.
Aeon says it is committed to Indonesia and hopes to form a new joint venture.
Questions & Answers
Q.Why has Aeon Indonesia ended its partnership with its local Ministop c-store partner?
Why has Aeon Indonesia ended its partnership with its local Ministop c-store partner?
The partnership ended because the joint venture only managed to open six stores in four years. This slow expansion contrasts with Aeon's growth in other Southeast Asian markets.
Q.Who was Aeon Indonesia's partner in the Ministop c-store chain?
Who was Aeon Indonesia's partner in the Ministop c-store chain?
Aeon Indonesia's partner in the Ministop c-store chain was Bahagia Niaga Lestari (BNL). They had formed the joint venture in 2012.
Q.What is Aeon's plan for its Ministop operations in Indonesia after ending the partnership?
What is Aeon's plan for its Ministop operations in Indonesia after ending the partnership?
Aeon plans to exit the Indonesian market temporarily and is actively seeking a new business partner. They have stated their commitment to Indonesia and hope to form a new joint venture.