President Chain Store Corporation, the Taiwanese operator of 7-Eleven convenience stores, is reportedly planning to establish headquarters in Shanghai to aid expansion in the Chinese market.

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The company headquarters in Chengdu are set to become the focus of the chain’s hypermarket business.


According to a report in the Commercial Times, C.J. Hsu, President Chain Store’s president, signalled the company’s intentions when he told the paper that the group’s pre-tax profit could reach TWD5bn (US$151m) on revenues of TWD100bn this year.


President posted a pretax profit of TWD4.63bn on a revenue of TWD93.6bn for 2005.

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