7-Eleven's Japanese Parent to Invest in 1,000 New U.S. Stores
Unknown If New Stores Franchised or Corporate-Owned
Japan's Seven & I Holdings, parent company to America's 7-Eleven convenience chain will invest $2.4 billion to open 1,000 convenience stores in the next four years. In addition, 7-Eleven's existing 6,050 existing outlets will be revamped.
Although the U.S. company has been aggressively converting company-owned stores to franchise units in D.C., Baltimore, Virginia, Utah, Colorado and Texas, it is unknown if the new stores Japan is investing in will be franchised or corporate. 7-Eleven is boosting its presence in the U.S. after Britain's Tesco announced it will enter the market.
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