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Retail Asia23/03/2022

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 100 percent stake in Ministop Korea for 313.3 billion won (US$257 […]

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Retail Asia24/01/2022

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 convenience store operator 7-Eleven will be able to take on the two sector leaders — CJ […]

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Retail Asia01/04/2019

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 to forbid the opening of new convenience stores within 50 metres of existing outlets. Daesang’s withdrawal will […]

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Retail Asia30/01/2019

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 suspended the sale process to sell its full stake in the unit. […]

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Retail Asia27/09/2018

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 take full ownership of Ministop South Korea. Both companies see the deal as a means to grow their respective […]

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Retail Asia23/07/2018

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 explore sale options, including a clean sale of its stake or attracting a strategic investor. With more […]

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Retail Asia19/07/2018

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 doing business here. The number of Emart24 outlets has increased dramatically from 501 in […]

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Retail Asia11/07/2018

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 private-label product within this year. Ministop Korea, operator of Ministop, is set to launch its own […]

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Retail Asia25/06/2016

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 Lestari (BNL) in 2012. But after four years, the joint venture has managed […]

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Retail Asia24/06/2016

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 Hi-Tech Healthcare Park of Hoa Lam Shangri-La. It will […]

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Retail Asia22/06/2016

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 resources in other areas. The retailer is Ministop’s sole franchisee in Indonesia. So when the six […]

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Retail Asia27/01/2016

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) to accelerate their establishment of branches overseas after the Trans-Pacific Partnership (TPP) goes into effect, reports the […]

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Retail Asia15/12/2015

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 Jakarta, the two leading local operators — Indomaret and Alfamart — have over 10,000 outlets each. […]

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Retail Asia24/07/2015

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 shoppers, we take a look at five trends defining the marketplace for pan-Asian retailers right […]

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Retail Asia30/06/2015

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 Japan’s Aeon group, one of many largest retailers in Asia, comes after Ministop Korea abused its superior place […]

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