CP All eyes licences in four Indochina markets
Approval to be sought after China licence
- Published: 31 Jan 2013 at 00.00
- Newspaper section: Business
CP All Plc, operator of the 7-Eleven convenience store chain in Thailand, may accelerate its expansion if it wins more licences to operate the stores in Myanmar, Laos, Cambodia and Vietnam to cash in on the huge business opportunity when Asean becomes a single market in 2016.
Managing director Piyawat Titasattavorakul said the company will ask Southland Corporation, the Texas-based owner of the chain, to allow it to operate 7-Eleven stores in the four neighbouring countries after it obtains approval to open the convenience stores in China by year-end or early next year.
"We believe we'll have good news from Southland to operate 7-Eleven stores in one city near Shanghai by the end of this year after waiting several years," he said.
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