7-Eleven could re-enter the UK as it eyes European expansion
International convenience chain 7-Eleven could rebuild its presence in the UK as its parent company Seven & I Holdings looks to further expand into Europe.
During Seven & I Holdings’ investor relations day last week, presentations showed that the c-store operator has plans to enter 10 new countries by 2030 with Europe a ‘top priority’, Better Retailing reported.
In the 1980’s 7-Eleven had more than 50 UK stores, however these were sold in 1997 when the firm exited the market.
The presentation is believes to have shown how the convenience retailer can gain a footing in new countries, such as the UK.
For the European expansion, the retailer presented two models: a master franchise and a joint venture or acquisition.
The master franchise agreement would see Seven & I Holdings have ‘no direct involvement’ other than consultation and logistical support. It would receive revenue through royalty payments.
The joint ventures and acquisition model would see ‘direct participation’ from the partner firm, and it would move global staff into the new countries to help launch the brand.
This model would give Seven & I a higher income via revenues from stores and dividends.
Grocery Gazette
Related news
HelloFresh is boosting British cooking confidence with new “Skills” recipe boxes
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Nespresso axes 200 UK jobs amid store shutdowns
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Tesco is building a green logistics centre at London Gateway
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
Dr Zoltán Pogátsa on the Hungarian economy: neither the golden age, nor an apocalypse
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Eurozone GDP grew by 0.1 percent in the second quarter compared to the previous quarter
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >KSH: industrial production decreased by 1.0 percent compared to the same period of the previous year, expanded by 2.0 percent compared to the previous month
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >