7-Eleven Inc. has signed a master franchise agreement with CP ALL (Cambodia) Co. Ltd., an indirect subsidiary of CP ALL Public Co. Ltd., to develop and operate 7-Eleven stores in Cambodia.
The companies expect the first Cambodian 7-Eleven-branded c-store will open in Phnom Penh in 2021. The master franchisee plans to build stores, modernize the small-format environment and bring greater convenience to shoppers.
In 1988, CP ALL was established to operate 7-Eleven stores in Thailand under an exclusive licensing agreement with 7-Eleven Inc. The first Thailand 7-Eleven store opened in Bangkok in 1989, and CP ALL now operates nearly 12,000 stores in the country, its count second only to Japan.