Famima and UNY Reach Basic Agreement on Business Integration
Basic Agreement on Business Integration
Sunkus and FamilyMart signboards on display at the entrance of their convenience stores on August 18, 2015, Tokyo, Japan. FamilyMart which is the nation's third-largest convenience store chain is expected to announce that it will acquire a smaller Nagoya-based operator ''Cocostore Corp.'' and its 657 stores. FamilyMart is also expected to integrate operations with UNY Group Holdings Co., which operates the country's fourth largest chain Circle K Sunkus Co., in September 2016. This would see the new group running about 18,400 stores in Japan, 500 more than the largest rival Seven-Eleven. (Photo by Rodrigo Reyes Marin/AFLO)