7-Eleven to Set Up Convenience Stores in Hubei Province
Tang Shihua
DATE:  Jul 12 2018
/ SOURCE:  Yicai
7-Eleven to Set Up Convenience Stores in Hubei Province 7-Eleven to Set Up Convenience Stores in Hubei Province

(Yicai Global) July 12 -- International convenience store chain 7-Eleven is set to authorize local partners to open new stores in China's central Hubei Province as part of an expansion.

Orient Meilin Convenient Store has bagged a regional franchising contract with Seven-Eleven Japan's China unit, securing exclusive rights to the business in the province, Wuxi-based parent company Commercial Mansion Grand Orient said in a statement.

Great Orient will invest in the project by injecting CNY200 million (USD30 million) of capital into its subsidiaries including Hubei Meilin.

The securement of Seven-Eleven franchise rights allows Hubei Meilin to use the parent company's system and management resources when carrying out business operations. Hubei Meilin can also carry out franchising deals in the province.

Editor: William Clegg

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Keywords:   Franchised Convenient Store, 7-Eleven, Retailer,Hubei, Japan