Japan’s convenience store chain 7-Eleven is entering the Cambodian market after it signed a master franchise agreement with CP ALL (Cambodia) Co. Ltd., an indirect subsidiary of CP ALL Public Co. Ltd. of Thailand, to open and operate 7-Eleven stores in Cambodia as soon as next year despite current widespread economic disruptions from the coronavirus crisis.
The first Cambodian 7-Eleven-branded store is expected to open in Phnom Penh in 2021. The master franchisee says it plans to “modernise 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 Dallas, US-based subsidiary of Japan’s Seven & I Holdings Co., Ltd. The first Thailand 7-Eleven store opened in Bangkok in 1989, and CP ALL now operates nearly 12,000 stores in the country, counting second only to Japan.
In full: http://investvine.com/finally-cambodia-gets-7-eleven-convenience-stores/
