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FamilyMart Philippines convenience-store chain, partly owned by the Ayala and Tantoco groups, is up for auction. With about 70 stores, the Japanese chain has been offered to prospective investors in the past few months. Ayala Land and the Rustan’s group, via…
FamilyMart UNY Holdings, Japan’s second-largest convenience store chain, is considering partnering with China’s Citic and Thailand’s Charoen Pokphand Group. The companies are looking at opportunities beyond convenience stores, says FamilyMart UNY president…
‘We cannot continue to pour in resources,’ its president says of business in the Southeast Asian market. Japan’s second largest convenience store chain FamilyMart plans to stay focused on domestic market as it reported losses in several Southeast Asian…
Vietnam will be the fastest-growing convenience market in Asia by 2021, predicts international grocery research organisation IGD. According to the researcher, Asia’s grocery market will be the largest in the world with predicted 6.3 per cent of compound…
Convenience store chain FamilyMart Malaysia is aiming to open up to 1000 stores by 2020. Out of Japan, the group is using a franchise business model in its newest market in partnership with agro-food company QL Resources, with which it has signed a 20-year…
Central FamilyMart plans to double the number of its convenience stores in Thailand from 1116 to more than 2000 within five years. President Chiranun Poopat says the company will continuously expand the number of FamilyMarts to cater to a growing market and…
Convenience store owner Lawson Japan is seeking to buy chains in the US with the aim of boosting its number of overseas outlets by about a quarter within a year. “In the US, where the market is mature, mergers and acquisitions are a simple and straightforward…
QL Resources, which produces chicken eggs and seafood surimi, is set to launch a MalaysiaFamilyMart network. The company says it plans to open 300 outlets within five years, with the first to be up and running by the end of this year. That will trigger a…
Convenience store and grocery retailer Hero Supermarket is to exit the troubled Starmart Indonesia business. Hero, a subsidiary of Hong Kong-headquartered Dairy Farm International, has announced the sale of 80 stores to Fajar Mitra Indah, a subsidiary of…
Berli Jucker Plc (BJC), has taken over the Japanese chain of 42 FamilyMarts and renamed it as B’mart. The Vietnamese retail market recently witnessed a series of mergers and acquisitions (M&A) in which the buyers were businessmen from Thailand. In mid-2014,…
Four major convenience store chains in Japan are teaming up with a government-related body to work on expanding their businesses overseas. FamilyMart, Lawson, Ministop and 7-Eleven Japan have formed a council with the Japan External Trade Organization (Jetro)…
Japanese convenience store operators are shrinking the size of their outlets in Indonesia amid growing competition from local rivals. But the strategy of pursuing profitability over scale runs the risk of downsizing the companies out of the market. In…
FamilyMart Taiwan says a growing number of customers are paying by bitcoin since it struck a deal with local wallet provider BitoEX. The convenience retailer started accepting the cryptocurrency at its 3000 stores across Taiwan on October 24 and has recorded…
Taiwan’s largest convenience store chain, 7-Eleven, says it will work with local shopping website MyDay to have online purchases from overseas delivered to its 5000-plus stores around Taiwan. The convenience store introduced the delivery service on Wednesday…
A merger of Japan’s third and fourth-ranked convenience store operators is set to create a “third force” in Japanese retailing behind Seven & I and Aeon. The FamilyMart-Uny merger terms have now been agreed and the two companies are now working towards an…
Retailers FamilyMart Co. and Uny Group Holdings Co. are mulling putting off the conclusion of a basic accord on their planned business integration to September or later, it was learned on Thursday. This is because Uny’s work to draw up measures to shore up…
