Aeon Indonesia dumps c-store partner
Aeon Indonesia has ended its partnership with its local partner in the Ministop c-store chain.
The move will result in Aeon exiting the market temporarily while it seeks a new business partner.
According to local media reports, Aeon teamed with Bahagia Niaga Lestari (BNL) in 2012. But after four years, the joint venture has managed to open just six stores.
Aeon has meanwhile been expanding its Ministop network across Vietnam, the Philippines and South Korea.
Aeon says it is committed to Indonesia and hopes to form a new joint venture.