Logo of Phnom Penh Post newspaper Phnom Penh Post - Plans for 7-Eleven chain in Cambodia

Plans for 7-Eleven chain in Cambodia

Plans for 7-Eleven chain in Cambodia

Thailand’s biggest convenience store operator, CP All, plans to apply for licences to open 7-Eleven stores in countries including Cambodia by 2015, according to a Reuters news report yesterday.

The other two countries are Myanmar and Laos, and the plan is part of CP All’s expansion strategy in the region, said the company’s president, Piyawat Titasattavorakul.

Reuters reported he will apply for licences ahead of the ASEAN economic integration in 2015.

No details were given on the number of branches he would open.

CP All is the world’s third-largest operator of 7-Eleven franchises.

The company is a subsidiary of Charoen Pokphand Group.

Attempts to contact Piyawat yesterday were unsuccessful.

The company’s assistant vice-president of corporate communication, Banyat Kamnoonwapana, insisted that “[Piyawat] only mentioned plans, but not the year [by which he intends to open the stores].”

Svay Sovann Ratana, general manager of a Pencil Supermarket branch in Phnom Penh, said he is not too concerned by the prospect of 7-Eleven coming to the city.

“Even though the market here is small, it still has space for competitors,” he said.

But Ly Bunsong, Kiwi Mart’s marketing manager, said, “7-Eleven is a big brand. My company is new – around two years old – and I don’t think we will grow as fast as 7-Eleven.”

To contact the reporter on this story: Low Wei Xiang at [email protected]

MOST VIEWED

  • Proof giants walked among us humans?

    For years a debate has waged about whether certain bas relief carvings at the 12th-century To Prohm Temple, one of the most popular attractions at the Angkor Wat Temple Complex in Siem Reap province, depicted dinosaurs or some rather less exotic and more contemporary animal,

  • Japan bank buys major stake in ANZ Royal Bank

    Japan's largest bank acquired more than half of ANZ’s shares in Cambodia on Thursday, according to a statement from Kith Meng’s Royal Group. Japan's JTrust Bank, announced that they had acquired a 55% of stake in ANZ Royal Bank. According to a Royal Group

  • Long way to go before Cambodia gets a ‘smart city’

    Phnom Penh, Siem Reap and Battambang will struggle to attain smart city status without adopting far reaching master plans, according to officials tasked with implementing the program. The brainchild of the Association of Southeast Asian Nations (Asean), the smart city program seeks to link up

  • China-Cambodia tourism forum held

    The Cambodian tourism sector must be prepared to welcome a growing number of Chinese tourists, as they lead the globe in the number of outbound travellers and were responsible for the most visitors to the Kingdom last year, the country’s tourism minister said on