FamilyMart in talks to buy Cocostore
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FamilyMart Co. is in talks to buy Cocostore Corp., which operates convenience stores in central and western Japan, sources familiar with the matter said on Friday.
FamilyMart, Japan’s third largest convenience store chain, recently announced it is negotiating with the smaller rival operating Circle K Sunkus stores, Uny Group Holdings Co., in an attempt to obtain the number two position behind industry leader Seven-Eleven Japan Co.
If the integration is realized, FamilyMart’s acquisition of Cocostore will add momentum to moves toward the reorganization of the domestic convenience store industry.
Questions & Answers
Q.Which company is FamilyMart reportedly in talks to acquire?
Which company is FamilyMart reportedly in talks to acquire?
FamilyMart Co. Is reportedly in talks to buy Cocostore Corp., which operates convenience stores in central and western Japan.
Q.What is FamilyMart's current position among Japanese convenience store chains?
What is FamilyMart's current position among Japanese convenience store chains?
FamilyMart is currently Japan's third largest convenience store chain, aiming for the number two position in the industry.
Q.Which company is FamilyMart already negotiating with, in addition to these talks?
Which company is FamilyMart already negotiating with, in addition to these talks?
FamilyMart is also negotiating with Uny Group Holdings Co., which operates Circle K Sunkus stores, in a separate attempt to expand.
Q.What potential impact could this acquisition have on the Japanese convenience store market?
What potential impact could this acquisition have on the Japanese convenience store market?
If completed, this acquisition would add momentum to the ongoing reorganisation of the domestic convenience store industry in Japan.
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