TOKYO – Japanese convenience store operator FamilyMart Co. said Friday it will open its first Philippine store in Metro Manila on Sunday.
The store in Makati City, the country’s financial district, is located in the Glorietta shopping mall and contains 26 seats where customers can eat.
FamilyMart plans to increase the number of stores in the Southeast Asian country with growth potential to 30 by the end of this year.
Last November, FamilyMart and trading house Itochu Corp. established a joint venture in the Philippines with property giant Ayala Land Inc. (ALI), through SIAL DVS Retailers Inc., to start the convenience store operation in the country.
SIAL is a joint venture between Varejo Corp. and Specialty Investments, Inc., wholly-owned subsidiaries of ALI, and Rustan’s Stores Specialists, Inc. (SSI).