Jiffy to replace 7-Eleven at PTT stations

PTT Plc, the national oil and gas conglomerate, plans to start replacing 7-Eleven stores at its petrol stations with its own Jiffy marts
well ahead of the expiry of its licence for the convenience store franchise in 2023.

The move is aimed at capitalising on around 2.5 million baht in profit per month that each Jiffy outlet generates, which is almost
similar to the one being delivered by the 7-Eleven stores at its service stations.

Jiraporn Khaosawas, managing director of wholly owned PTT Retail Marketing Co (PTTRM), said PTT has several years to
prepare before the 7-Eleven outlets are replaced.

It is setting up its second goods distribution centre in Ayutthaya's Wang Noi district after the first one was established in
Pathum Thani province recently.

PTT had acquired the rights to the 7-Eleven franchise from CP All Plc, a retail business unit of Charoen Pokphand Group, by signing a 10-year contract.