7-Eleven is reportedly planning to re-enter the UK market as part of its European expansion strategy during the coming years.
UK sources report that 7-Eleven’s head of international Chris Tanco hinted at the return during the ACS Summit in Birmingham, saying the Japanese-headquartered company was researching opening new stores in the UK.
Furthermore, a presentation at Seven & I Holdings’ investor relations day revealed that the Japanese parent company planned to enter 10 new countries by 2030, including the UK.
Trade publication Better Retailing said 7-Eleven would use two models to enter a new market: The first is a master franchise agreement, while the second is a joint venture or purchase.
7-Eleven is already present in 19 countries with 85,000 stores and aims to reach 100,000 locations by 2030.