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QL Resources enters convenience store business, targets 300 outlets


A FamilyMart convenience store in Japan.

A FamilyMart convenience store in Japan.


KUALA LUMPUR: Poultry egg and meat producer QL Resources Bhd plans to expand into the convenience store business by becoming a master franchisee of FamilyMart, the world’s second largest convenience store chain after 7-Eleven.

The company, which also makes surimi (fish paste), told Bursa Malaysia that its unit Maxincome Resources Sdn Bhd had signed a 20-year exclusive area franchise agreement (AFA) with Tokyo-listed FamilyMart Co Ltd to develop and operate FamilyMart outlets in the country.

Corporate News , QL Resources Bhd

   

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