Japanese convenience store operator FamilyMart has said it plans to open its first store in China in Shanghai in June through a joint venture called Shanghai FamilyMart.
Go deeper with GlobalData
The joint venture, formed with Japan’s Itochu Corp, FamilyMart’s Taiwan unit and two Chinese companies, aims to open 300 stores in China over a three-year period, reported Reuters.
FamilyMart operates around 6,200 stores in Japan, as well as around 4,000 franchised stores in South Korea, Taiwan and Thailand.
FamilyMart is Japan’s third-largest convenience store operator after Seven-Eleven Japan and Lawson. Seven-Eleven Japan has said it plans to open its first Chinese store in Beijing this month, while Lawson already operates stores in Shanghai.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
