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7-Eleven outlets closed in Indonesia

All 160 7-Eleven convenience stores in Indonesia closed down on June 30.
Jakarta (VNA) – All 160 7-Elevenconvenience stores in Indonesia closed down on June 30.

Business has become difficult for the USconvenience store chain, with its first outlet opened in Bunlungan, SouthJakarta in 2009.

Modern Internasional – the owner of the 7-Elevenfranchise license – had opened more than 160 outlets before June 2017.

The group operated the chain using a restaurantlicence issued by the Indonesian Tourism Ministry until the operation wasquestioned by the country’s Trade Ministry because 7-Eleven also sold consumergoods.

In 2012, the Trade Ministry sent warning lettersto Modern Internasional, urging the firm to comply with retail regulations.

Indonesian Retailers Association Chairman Roy N.Mandey said the closing of 7-Eleven stores in Indonesia would set a badprecedent for foreign investors.-VNA
VNA
#7-Eleven #convenience stores #Indonesia #US convenience store chain #Modern Internasional #Indonesian Retailers Association #Roy N. Mandey #Vietnamplus #Vietnam News #Vietnam News Agency #Vietnamese latest news Indonesia
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