Japanese Retailer FamilyMart Seeks Split With Chinese Partner

Japan’s FamilyMart–a 7-Eleven competitor in China–wants to part ways with its Chinese business partners, amid loosening foreign ownership restrictions for non-critical industries such as retail and consumer goods. The move comes as China’s convenience-store market is set to grow by more than 60% to $27 billion in the next five years. That’s a byproduct of […]