Philippines to get first Family Mart store
FamilyMart plans to increase the number of stores in the Southeast Asian country with growth potential to 30 by the end of this year.
Last November, FamilyMart and trading house Itochu Corp. established a joint venture in the Philippines with property giant Ayala Land Inc. (ALI), through SIAL DVS Retailers Inc., to start the convenience store operation in the country.
SIAL is a joint venture between Varejo Corp. and Specialty Investments, Inc., wholly-owned subsidiaries of ALI, and Rustan's Stores Specialists, Inc. (SSI).
Source: abs-cbnnews.com
