VIETNAM: FamilyMart eyes Vietnamese expansion
Japanese convenience operator FamilyMart has told just-food that it will be the first such chain to open its doors in Vietnam later this year.
Creating a joint venture with local operator Phu Thai and its main shareholder Itochu, FamilyMart said it would open the first of 300 shops in September in Ho Chi Minh City.
"With its young population and pro-Japanese sentiment we foresee a lot of growth for us in Vietnam," a Familymart spokeswomen told just-food.
"As the first to enter Vietnam obviously we are aware we have a huge advantage here to develop the Japanese retail trade in Vietnam."
Familymart aims to increase the total number of stores it operates in Japan and overseas to 20,000, from about 14,000 now. The company is well established in South Korea and Taiwan and predicted that it will turn a profit in Vietnam in two years.
Peter Marks, the chief executive of UK retailer The Co-operative Group, had reason to smile when he addressed the country's grocery members on Tuesday (13 October)....
Demand for "value-added" convenience food is set to be a central factor in the buoyant growth forecast for the Brazilian food sector from industry analysts BMI....
Carrefour's surprise exit from Russia just four months after launching its first hypermarket in the country makes "strategic sense" for the company, a retail analyst claimed today (16 October)....
Carrefour has confirmed that it plans to replace the head of its hypermarket business, Alain Souillard, after posting "weak" third-quarter sales at the unit....
The fall in third-quarter sales at Groupe Casino's smaller-format stores in France is a "shock" that will give the French retail giant cause for concern, a retail analyst told just-food today (15 Octo...
UK convenience food group Uniq said it expects full-year results for its continuing operations to be in line with expectations, boosted by the restructuring of its desserts business....
French retail giant Carrefour has confirmed that it is introducing a convenience store format into Thailand....
The Co-operative Group, the UK retailer, today (13 October) insisted it can withstand growing competition on two of its key battlegrounds - the convenience channel and ethical consumption....
- Danone's Q1: four things to learn
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Interview: Sir Kensington's on sale to Unilever
- Nestle Q1 update: four things to learn
- Tyson shops Sara Lee bakery, Kettle and Van's
- Nestle to cut UK confectionery jobs
- PepsiCo affirms full-year target as Q1 hits mark
- Icelandic to sell Saucy Fish Co. owner Seachill
- Tyson to buy burger-to-entree firm AdvancePierre