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South Korea’s antitrust regulator said Tuesday it has decided to approve a deal by Korea Seven Co., the operator of 7-Eleven convenience stores, to buy its smaller rival Ministop Korea Co. In January, the country’s retail giant Lotte inked a deal to acquire a…
South Korea’s Lotte Group has agreed to acquire a 100% stake in Ministop Korea for 313.4 billion won ($263 million), the country’s fifth-largest convenience store chain, from Japan’s Aeon Co., Lotte said on Jan. 21. With the purchase in cash, Lotte’s…
South Korean food manufacturer Daesang is reportedly exiting the convenience store business, selling its stake in the Ministop chain. A cut-throat industry in the territory, competition between players has become so intense that legislation is now in effect…
The sale of convenience store chain Ministop fell apart as potential bidder Lotte and the Japan-based convenience franchise failed to agree on a price. The AEON Group of Japan, the largest shareholder of Ministop Korea, filed a notice on Monday that it has…
South Korean retail operators Lotte and Shinsegae are competing to buy the 21-year-old local subsidiary of Japanese convenience-store operator Ministop. Shinsegae and Lotte respectively own rival chains Emart24 and 7-Eleven and are both reportedly seeking to…
The future ownership of South Korea’s fourth-largest convenience store chain, MiniStop Korea, is uncertain with options under review. Parent Aeon Group of Japan is apparently tiring of falling profits from the chain and has appointed Nomura Securities to…
He added that reports which said Ministop has selected Nomura Securities as deal manager to sell its Korean unit are untrue. Established in 1997, Ministop Korea is the fourth-largest player in the country. But recently the company has faced some difficulties…
More South Korean c-stores are set to launch in-house products as local retailers move to attract more consumers with price competitiveness. E-Mart24, the convenience-store arm of South Korean retail giant Shinsegae, said it is planning to unveil its own…
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…
Aeon Vietnam will inaugurate its second shopping centre in Ho Chi Minh City, Aeon Mall Binh Tan, on July 1. Larger than Aeon Mall Tan Phu Celadon, which opened in early 2014, it has an total investment exceeding US$120 million and covers 4.6 ha. at the…
Japanese convenience store operator Ministop is pulling out of the Indonesian market, at least for the time being. The company announced Friday that it is terminating a franchise agreement with local retailer Bahagia Niaga Lestari, which wants to concentrate…
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…
Vietnam’s retail market is set to grow by 8.4 per cent annually until 2020, making it one of the fastest-growing markets in south-east Asia. Against a backdrop of increased disposable income, rapid urbanisation and an appetite for change among younger…
South Korea’s antitrust watchdog has slapped a 114 million gained (US$103,100) wonderful on comfort retailer chain Ministop Korea for unfair commerce practices and ordered the corporate to take corrective motion. The penalty towards the native affiliate of…
