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Today's Headlines 7-Eleven

  • Convenience Store 7-Eleven to Close its Doors in Indonesia

    Convenience Store 7-Eleven to Close its Doors in Indonesia

    After the deal between Modern Internasional and Charoen Pokphand Indonesia to acquire convenience store 7-Eleven from Modern Putra Indonesia, a subsidiary of Modern Internasional, was scrapped earlier this month, Modern Internasional has now announced it will terminate all operations of the existing 120 7-Eleven stores per June 30, 2017.

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  • Modern Internasional - Charoen Pokphand Indonesia Deal Off Table

    Modern Internasional - Charoen Pokphand Indonesia Deal Off Table

    Charoen Pokphand Indonesia, the largest producer of poultry feed, day old chicks and processed chickens in Indonesia, will not acquire convenience store (franchise) 7-Eleven from Modern Putra Indonesia, a subsidiary of Modern Internasional. On Monday (05/06) Modern Internasional said it had scrapped the deal while both parties had earlier signed a business acquisition agreement, in April 2017, regarding the sale of the 7-Eleven franchise for IDR 1 trillion (approx. $75.2 million).

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  • Charoen Pokphand Indonesia to Acquire Convenience Store 7-Eleven

    Charoen Pokphand Indonesia to Acquire Convenience Store 7-Eleven

    Charoen Pokphand Indonesia, the nation's largest producer of poultry feed, day old chicks and processed chickens, is set to acquire convenience store (franchise) 7-Eleven from Modern Putra Indonesia, a subsidiary of Modern Internasional. The deal, which is worth IDR 1 trillion (approx. USD $75 million), now only requires approval from Modern Internasional's shareholders. Rumors about this take-over had been heard since late March 2017.

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  • Alcohol in Indonesia: Sale of Alcohol in Minimarkets Banned

    Alcohol in Indonesia: Sale of Alcohol in Minimarkets Banned

    Indonesian Trade Minister Rachmat Gobel confirmed that the ban on sales of alcohol in minimarkets and kiosks will continue after 16 April 2015. This ban, stipulated by Minister of Trade Regulation No. 06/M-DAG/PER/1/2015 on the Control and Supervision of Procurement, Distribution, and Sale of Alcoholic Beverages (which was signed by the minister on 16 January 2015), prohibits the sale of beverages with an alcohol content ranging between 1 to 5 percent (referred to as type A alcoholic drinks) in minimarkets and kiosks.

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  • Indonesian Minimarkets Continue to Grow at the Expense of Supermarkets

    Turnover of Indonesian minimarkets has grown sharply. In 2014, the value of sales is expected to jump 13.5 percent to IDR 94 trillion (USD $8.3 billion) compared to this year's projection of IDR 82.9 trillion (USD $7.3 billion). Indonesia's large population (over 240 million) and rapidly urbanizing society gives rise to high demand for nearby shops where people can find their daily needs. In recent years, outlets of minimarkets have been mushrooming in Indonesian cities, particularly on Java. Outside the island of Java, there is still ample room for growth.

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