CP All Laos strikes franchise deal for 7-Eleven stores
CP All Laos Co Ltd, which is 99.99 per cent held by Albuera International Limited, CP All Plc's 100 per cent owned subsidiary, has entered into a master franchise agreement with 7-Eleven, Inc to establish and operate 7-Eleven convenience stores in Laos for 30 years.
CP All Plc reported to the Stock Exchange of Thailand (SET) on Friday (August 28) that under this contract, both parties may consider extending the contract two times, each time after 20 years.
On February 21, 2019, CP All Plc had reported to the SET that it would negotiate a master franchise agreement in relation to the establishment and operation of 7-Eleven stores in neighbouring countries.
CP All Laos is a newly found company under Laos laws to establish and operate 7-Eleven stores in the country under said master franchise contract, with registered capital of 20 billion kip (Bt68 million).
