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Business

Circle K Sunkus sheds foreign stores amid merger talks

A FamilyMart store in the Philippines.

TOKYO -- Minimart operator Circle K Sunkus has left the overseas market by dissolving the partnership with its U.S. counterpart.

     Circle K Sunkus created a 50-50 joint venture with Arizona-based Circle K Stores in 2013 called Circle K Asia, a brand management company tasked with expanding in Asia. Circle K Asia allied with local companies to open about 620 stores in Indonesia, Vietnam, Malaysia, the Philippines and Guam.

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