• Kyodo


Japan’s third-biggest convenience store operator FamilyMart Co. has agreed to buy smaller local rival Cocostore Corp. for around ¥13 billion as part of a major industry realignment in the face of a shrinking domestic market, the company announced Tuesday.

The deal will put the newly merged entity on par with the No. 2 competitor Lawson Inc. with about 12,000 shops.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.