THAILAND: Lawson to set up c-store JV with Saha Group
Saha said it will launch a convenience store operation with Lawson
Japanese c-store retailer Lawson Inc is to set up a joint venture in Thailand with local operator The Saha Pathanapibul Group.
Saha said it will launch a convenience store operation with Lawson, to be name Saha Lawson, this month.
The venture will be set up with a capital of THB70m (US$1.3m). Of this, 49% will be put up by Lawson Asia Pacific Holdings Pte. Ltd., a Lawson unit in Singapore. Saha Pathanapibul will contribute 20%, with 30% coming from other companies within Saha Group. The remaining 1% will be owned by a Thai unit of Mitsubishi Corp.
Last month, Lawson reported higher half-year profits despite concerns over consumer confidence in the country in recent months.
The retailer currently operates in Japan, China, Indonesia and the US state of Hawaii.
- Why China was central to Nestle executive change
- Focus: Delivering dairy to Indian consumers
- Comment: How dairy can leverage nutrition
- PepsiCo underlines the challenge on health
- just the answer: Gardein founder Yves Potvin
- Fonterra warns on geopolitical unrest, oversupply
- Tereos to buy Real Good Food's Napier Brown
- Kerry benefits from snacking trends
- Mondelez sees Q1 net profit jump on higher pricing
- Russia "likely to extend food embargo"