In addition, FamilyMart plans to strengthen capital ties between the two companies. At the same time, a new brand has been launched under the name of CU, and the signboards of BGF Retail will carry the words with FamilyMart.
FamilyMart and Bokwang Familymart have been examining new convenience store business models as a way of realising continued growth.
The company has concluded a business collaboration agreement with the aim of creating a more constructive relationship between our two companies, and have also agreed to strengthen FamilyMart’s capital ties with Bokwang and establish a new brand.
From here onward, the aim is to further differentiate FamilyMart’s operations in South Korea from those of its competitors by creating a convenience store chain that is rooted in the local economy and society and widely popular among the country’s consumers, the company said.
Source: FamilyMart
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