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.
- Rise of prepared foods in US grocers - analysis
- How are brands organising for e-commerce?
- Hershey results, outlook, M&A - the top takeaways
- Free-from firm BFree Foods - bitesize interview
- How Nestle, R&R stand to benefit from ice cream JV
- Hain Celestial eyes disposals, forms venture unit
- Kellogg launches Special K breakfast quiches
- Dole faces DoJ probe over listeria outbreak
- Murray Goulburn accused of "misleading" the market
- Amplify Snack Brands acquires Boundless Nutrition