Logo of Phnom Penh Post newspaper Phnom Penh Post - 7-Eleven opens first store in Cambodia

7-Eleven opens first store in Cambodia

Content image - Phnom Penh Post
CP ALL (Cambodia) Co Ltd, an indirect subsidiary of Thailand-based CP ALL, on Tuesday opened the Kingdom's first 7-Eleven store in Phnom Penh’s Chroy Changvar district. Hong Menea

7-Eleven opens first store in Cambodia

Thai retail conglomerate CP All Pcl debuted Cambodia’s first 7-Eleven convenience store in up-and-coming Prek Leap commune of northeastern Phnom Penh’s Chroy Changvar district on August 30, as part of the company’s plans to expand across ASEAN.

The first outlet of the US-based convenience store chain is located in Prek Leap village, one of the most bustling areas of the district, on National Road 6, an arterial road that carries considerable commercial traffic.

CP All Pcl said in a press release: “This is an important step for CP All in growing into ASEAN, highlighting the strength of service from Thailand to Cambodian consumers [with a] focus on doing business, along with creating value for society according to the aspirations – create and share opportunities.”

Its senior vice-president Chairoj Tiwatmuncharoen noted that CP All (Cambodia) Co Ltd, an indirect subsidiary of CP All Pcl, entered into a master franchise agreement with 7-Eleven Inc last year and is solely authorised to develop and operate stores in Cambodia.

He said: “The opening of the first 7-Eleven store in Cambodia … is an important symbol of friendship, and good relations between the two countries – both at the government and people’s levels – and quality services.

“What is important to emphasise is … respect for the law and the practices of the society that we are part of. At the same time, we have adopted the same approach [that we use in] Thailand.

“In addition to the quality of products and services, we will endeavour to contribute to value-delivery – whether it [concerns] human resource development, promotion of small entrepreneurs,[or] conducting business with environmental considerations – to enhance the Cambodian economy.

“We hope to be well received by the Cambodian people,” Chairoj added.

As corroborated by a 7-Eleven Inc statement, the first 7-Eleven outlet is situated in the ground floor of an office building, at No 41, 43 National Road 6, across the road from Prek Leap National Institute of Agriculture (GPS Coordinates: 11.6418N, 104.9176E).

CP All executives have hinted at plans to open at least six stores this year, including a branch at a PTT petrol station in northern Phnom Penh’s Prek Pnov district that was reportedly scheduled to open in mid-June, according to Cambodian ambassador to Thailand Ouk Sorphorn.

He told The Post that the inaugural branch of 7-Eleven mark a new milestone for CP All’s business expansion into Cambodia.

He also suggested that the Thai conglomerate’s entry into the Cambodian market is in the line with Cambodia’s Economic Diplomacy Strategy, which is implemented by Minister of Foreign Affairs and International Cooperation Prak Sokhonn with support from Prime Minister Hun Sen.

According to plans, products from local small- and medium-sized enterprises (SME) sold in 7-Eleven in Cambodia will comprise at least 50 per cent of stock, he said, stressing that the franchise would create many jobs for locals.

“This is a great opportunity for Cambodian SMEs to partner with CP All, the company [operating] the world’s largest chain of stores” in Cambodia, he said.

The Bangkok-listed 7-Eleven franchise operator, the retail arm of Charoen Pokphand Group Co Ltd, granted CP All Cambodia franchising rights for 30 years in the establishment and operation of 7-Eleven branches, according to Thai local media reports.

On the Stock Exchange of Thailand, CP All’s share price rose 2.05 per cent, 3.21 per cent and 1.17 per cent respectively over August 27, 30-31, with 43.35 million, 49.35 million and 47.16 million shares traded, to close at 65.00 baht ($2.02) on August 30 for a market capitalisation of 583.90 billion baht.

MOST VIEWED

  • Prince Norodom Ranariddh passes away at 77

    Prince Norodom Ranariddh, the second son of the late King Father Norodom Sihanouk and former First Prime Minister of Cambodia, has passed away in France at the age of 77. “Samdech Krom Preah Norodom Ranariddh has passed away this morning in France just after 9am Paris-time,”

  • Cambodia purchases 4 million Molnupiravir tablets

    Cambodia has arranged for the purchase of four million US-made Molnupiravir pills – enough to treat 100,000 Covid-19 patients – even though the current rate of daily infections in Cambodia remains low. The medicine will be distributed to state hospitals, pharmacies and private clinics, according to the Samdech

  • Rise in planned flights lifts travel hopes

    Six airlines have applied to resume flights in December, while two others have put in for additional flights and routes, according to State Secretariat of Civil Aviation (SSCA) head Mao Havannall on November 29. These account for 43 new weekly domestic and international flights in December, up 16

  • Is Cambodia’s travel sector in for another cheerless holiday season?

    The travel and tourism sector was heaving back to life as borders started to reopen, promising a festive vibe for the holidays and New Year. But Omicron and other Covid-related issues are threatening to close the year on a bleak note ‘Seems [like] Covid-19 won’

  • Cambodia planning new border checkpoint at Thma Da

    Cambodia is looking into the possibility of opening a new Thma Da Border Checkpoint with Thailand to boost trade and tourism. The Ministry of Public Works and Transport said on December 4 that Minister of Public Works and Transport Sun Chanthol led a technical working group

  • Hun Sen: Manet to be candidate for prime minister

    Prime Minister Hun Sen has reaffirmed that his oldest son Hun Manet will be his successor as Prime Minister if he is elected. Speaking during the inauguration of a new sewage treatment facility in Preah Sihanouk province on December 2, Hun Sen said Manet will be