CP Group to open first 7-Eleven store in Laos
Thailand’s Charoen Pokphand (CP) Group will operate 7-Eleven convenience stores in Laos within the next two years. CP All Laos entered into a master franchise agreement with 7-Eleven in September, to operate the convenience store chain in Laos for 30 years. The move follows CP’s announcement in May on the introduction of the chain stores in Cambodia in 2021, seen as its first overseas expansion plans for its retail business in fast-growing neighboring countries in ASEAN. CP currently operates close to 12,000 7-Eleven stores in Thailand. Laos will be the 20th country where 7-Eleven operates.