US convenience store operator 7-Eleven has said it is nearing a deal with the Beijing government to open stores in the Chinese capital.
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The company has a strong presence in Asia, and has opened 100 stores in Japan so far this year. Thailand, Malaysia, Singapore, Taiwan and China are also “major markets of growth” for 7-Eleven.
“A lot of the urban cities are being revitalised in Asia. That increases population, and that’s where we open our stores,” chief executive Jim Keyes said in an interview with Reuters.
The company has more than 100 stores in southern China and now plans to move to Beijing and establish a presence there ahead of the 2008 summer Olympics.
“We are very close to an agreement with the government of Beijing, and hope to have a strong representation in the city by the time the 2008 Olympics roll around,” Keyes was quoted as saying by Reuters.
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