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Convenience Retailing Headlines

Japan: Family Mart Plans Expansion into New Markets

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Family Mart plans to quickly expand into both Indonesia and the Philippines, according to Director of Overseas Operations Masaaki Kosaka (pictured). In an interview with Bloomberg, Kosaka said that the company plans to open 300 stores in each country by 2015 as it seeks to boost earnings from overseas operations to 20% of total group profits over the next four years.

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Japan: Family Mart Moves to Refute Pork Rumours

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Family Mart has swiftly moved to quash online rumours that the pork rice microwave meal sets sold by the convenience chain was maid with fake meat products. The company used its official Sina microblog to dispel the report, producing a certification of their pork's authenticity given to the store by inspectors.

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Russia: Magnit CEO Named Businessman of the Year

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The Chief Executive Officer of Magnit,  Sergey Galitskiy (pictured), has been named Businessman of the Year at the by editors of Vedomosti in its "Man of the Year - 2011" issue. Explaining its decision, the business newspaper cited the company's stable growth, strong position and successful share placement in December of last year

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