Japanese convenience store giant Lawson Inc. has set its sights on the Philippines, a move that would further heat up the retail scene in one of Southeast Asia’s fastest growing economy.
Lawson is partnering with a local firm to put up as much as 2,000 convenience stores in the long term, targeting the growing middle class population, its top official said last week.
The Philippines would become the third Southeast Asian country to be tapped by Lawson which has 61 branches in Indonesia and 29 stores in Thailand. The Japanese firm owns convenience store brands Lawson, Lawson Store 100 and Natural Lawson.
(Source: philstar.com)