Last month, we outlined five global trends that will shape the convenience channel this year and beyond. While it is still early, we are already seeing new proof-points in support of our views. Acqusitions supporting physical expansion recovery Physical expansion in convenience retail is much more fluid compared to larger formats. While this has slowed since the pandemic, plans that were pl...

Convenience Retail Asia, a subsidiary of Li & Fung, has agreed to sell its Circle K convenience store business in Hong Kong to Canadian retailer Couche-Tard for HKD2,790m (US$360m). Significant change in Hong Kong CRA’s Circle K HK trades a network of Circle K-licensed convenience stores, with 340 company-operated sites in Hong Kong and 33 franchised sites in Macau. Circle K is the second l...

Li & Fung, which trades convenience chain Circle K in Hong Kong, announced a strategic investment from JD.com to further develop its digital supply chain. The “supply chain of the future” Li & Fung has been working on creating the “supply chain of the future”, which is centred around speed, innovation, and digitalisation, and aims to help its customers navigate the digital economy. JD.co...