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7-Eleven sets P6 B capex, eyes 500 stores in 2025
The Philippine Star
|October 17, 2024
After breaching its 4,000-store target, Philippine Seven Corp. (PSC) is looking to open another 500 7-Eleven branches next year, allocating up to P6 billion in capital expenditure budget.
PSC, the exclusive licensee of 7-Eleven in the Philippines, opened its 4,000th store in Newport District, Pasay City, on Tuesday, in hopes of ending the year with a network of 4,100 outlets.
PSC head of finance Lawrence de Leon said the company is spending around "P5 billion to P6 billion" to bolster its aggressive expansion plans for 2025.
Of the planned store launches next year, around 200 branches will be in the Visayas and Mindanao, 150 in Metro Manila and the remainder will be in other parts of Luzon.
Denne historien er fra October 17, 2024-utgaven av The Philippine Star.
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