7-Eleven collapse sends warning to investors


JAKARTA: Indonesia’s large consumer market may be a jewel in the eyes of foreign businesses, but in the retail sector, that jewel can quickly become kryptonite for companies.

There will be no more 7-Elevens for Indonesians starting this Friday. Business had become too difficult for the US convenience store chain, which opened its first outlet in Bulungan, South Jakarta, in 2009.

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