Posted by Arpee
on Apr 23, 2013 in markets
| 0 comments
FamilyMart’s first store already opened in the Glorietta 3, Ayala Center, Makati, and with good reason. Ayala Corp has partnered with Rustan’s to own 60% of the FamilyMart shares in the Philippines, with 40% owned by the Itochu Corporation of Japan. It has not been confirmed if FamilyMart will franchise their stores to interested parties. As of now, they are saying that the first 22 FamilyMarts in the Philippines will be company-owned. Well, that is something we should watch out for.
From a consumer perspective, FamilyMart is a welcome addition to our...