The JG Summit Group will be rebranding its Ministop stores after it acquired its Japanese partner’s stake in the convenience store chain.
JG Summit unit Robinsons Retail Holdings Inc. (RRHI) announced acquiring Ministop Japan’s (MSJ) 40 percent stake in the local operation of Ministop as the latter sell its interest in its South Korea and Philippine operations.
The transaction is set to be completed in February through RRHI unit Robinsons Convenience Stores Inc. (RCSI), who is the exclusive franchisee of Ministop in the Philippines.
“Under the new agreement with Ministop Japan, RRHI will continue to operate the stores using the Ministop brand within the transition period agreed upon with Ministop Japan, until they are repurposed and appropriately rebranded in consideration of strong ready-to-eat offerings such as Uncle John’s Fried Chicken and Kariman,” RRHI said.
