7-Eleven franchise delays arrival in Cambodia
By
B2B Cambodia
on
According to media reports, CP All Plc is delaying its plans to launch the 7-Eleven convenience store chain in Cambodia and Laos until after the COVID-19 pandemic stabilises.
CP All Plc is delaying its plans to launch the 7-Eleven convenience store chain in Cambodia
7-Eleven in Cambodia
Thailand’s The Nation reported on November 20 that CP All Plc senior vice-president Kriengchai Boonpoapichart said the company would resume its plans once the general Covid-19 situation in the two countries improves. In May 2020 it was widely reported in regional and Cambodian media that the international retail outlet 7-Eleven would be coming to Cambodia, potentially in 2021. CP All (Cambodia) Co Ltd was granted franchising rights for 30 years in the establishment and operation of 7-Eleven branches in Cambodia. Their original plans were to initially invest in around 700 to 1,000 outlets in the Kingdom. Cambodian Ambassador to Thailand Ouk Sorphorn said: "The 7-Eleven project will not only promote bilateral trade between Cambodia and Thailand but will also create a lot of employment opportunities since the president of CP All Plc has promised that at least 90 per cent of employees will be locals". CP All Plc currently operates 12,225 7-Eleven outlets in Thailand, and even in 2020 have plans to add an additional 700 stores in the SEA nation. CP All Plc is delaying its plans to launch the 7-Eleven convenience store chain in Cambodia