Big Law
7-Eleven Moves Forward With Ministop Merger
7-Eleven operator, Lotte Group’s Korea Seven, is picking up speed with the completion of its merger and acquisition (M&A) deal with Ministop so it can start the take over of the stores in South Korea.
As per Pulse News, 7-Eleven is working double time so it can quickly covert the Ministop convenience stores in the country into 7-Elevens. Korea Seven bought the store chain in March, and now it is focusing on the conversion of Ministops so it can start its campaign and go against CU, one of the leading store chains in the region.
CU is said to have 15,855 outlets across S. Korea, while another rival, GS25 convenience store, has 15,453 locations. As for 7-Eleven, it only has 11,173 as of 2021, and Ministop operates 2,602.
