Photo grabbed from Caring Pharmacy's website.

7-Eleven Malaysia ventures to pharmacy business in Indonesia

The proposal is expected to be completed in 2022.

A 7-Eleven Malaysia unit will establish a pharmacy business in Indonesia called Era Caring  Indonesia in a joint venture with pharmacy wholesale company Era Prima Indonesia (EPI), the convenience chain revealed in a bourse filing.

7-Eleven’s 75%-owned subsidiary Caring Pharmacy Retail Management (CPRM) has agreed to subscribe for a 50.1% stake in the company for $346,280 (IDR5.03b) to undertake the distribution business of pharmaceutical products with EPI.

The business plans to distribute products such as medicine, vitamins, supplements, cosmetics,  personal care, health food and beverages and baby products.

The proposal is expected to be completed in the first half of 2022.

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

And Uniqlo raised prices for some products due to high production costs.
Changsha Qianbaizhi Food Trading was amongst the first to access e-CNY.
The high inflation in the country has led to a boost in sales in cheaper private brands.
The used goods market has seen rapid growth in the past decade.
The company is targeting to open more than 500 stores in Malaysia in five years.
It rose to 24% from 20% during the high alert period in Southeast Asia.
In Singapore, over 40% of Shopline merchants adopted social commerce.
Recovery of consumer spending relies on the vaccination against COVID-19.
The joint venture aims to expand SMEs’ credit access. 
Alibaba said these technology trends will rise in the next two to five years.
This will launch an extensive product range and offer free scheduled delivery.
The burger stand operator is present in five Asian markets.
But an analyst fears that this will fall short of reaching profitability.
The company seeks to expand its Greater Bay Area operations, currently with eight stores.
The delivery company is seeking to expand its operations to 15 Indian cities.