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  1. #1
    Thailand Expat
    VocalNeal's Avatar
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    Jul 2007
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    Today @ 08:18 AM

    The End of 7-Elevens in Indonesia?

    JAKARTA -- Modern Internasional, the parent company of Indonesia's 7-Eleven franchise operator, on Thursday said it would close all of the unit's convenience stores by June 30 due to "limited resources to support operations."

    The announcement comes less than a month after it announced that talks to sell the convenience store unit, Modern Sevel Indonesia, to an affiliate of Thai conglomerate Charoen Pokphand Group collapsed. Modern Internasional's share price remained at a near all-time low of 50 rupiah ($0.004) per share on Thursday with a market capitalization of 228 billion rupiah.
    Indonesia's 7-Eleven operator to shut all stores- Nikkei Asian Review

  2. #2
    Thailand Expat
    chassamui's Avatar
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    Feb 2009
    Last Online
    Circle K do a pretty good 7/11 impersonation. Only been to Bali so not sure what competition is like elsewhere in Indo.

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