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Business

FamilyMart to open 100 stores in the Philippines this year

MANILA -- FamilyMart is ramping up its expansion in the Philippines, with the local licensee aiming to triple store openings this year.

     SIAL CVS Retailers, a joint venture of Ayala Land and local high-end retailer Store Specialist, develops the convenience stores in the Philippines under a deal reached with Japanese trading house Itochu and FamilyMart. The first branch opened last April.

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