Petrobras Joins Brazil Diesel Subsidy Program 
Anthropic’s Claude Discovers CRISPR-Like Enzyme System 
Paramount-Warner Bros $110 Billion Deal Draws Antitrust Backlash 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Goldman Sachs Names Simon Lyons UK Investment Banking Co-Head 
US, Japan and South Korea Back Taiwan Ahead of Trump-Xi Summit 
Canada Unveils Bill to Fast-Track Major Resource Projects 
Trump Plans Federal AI Force and AI Czar 
Meta Unveils Muse Charm AI Device, Expands Smart Glasses Lineup 
U.S. 10-Year Treasury Yield Hits 2007 High as Fed Rate Hike Bets Rise 
US Northeast Airports Resume Operations After Telecom Outage Disrupts Thousands of Flights 
NASA, Boeing Discuss Expanding Starliner Missions 
McDonald’s Sees Flat Traffic, Sticky Inflation as New Normal 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Novo Nordisk Weighs Direct NYSE Listing to Boost U.S. Profile 
Meta Partners With Shopify to Bring Shop Pay Checkout to Muse AI 
fnny Beta Launches With a Simple Idea: Find an Event, Show Up, Get Rewarded 
Add as a preferred source on Google
E-Mart, the largest convenience store chain in South Korea, is looking to buy Ministop Korea after placing its bid for the acquisition. The plan was revealed last weekend, and E-Mart officially joined Unison Capital and Anchor Equity Partners Korea in the bidding.
As per The Korea Times, business analysts shared the acquisition of Ministop Korea will help E-Mart get the boost it needs to catch up with 7-Eleven, which is one of its strongest rivals. 7-Eleven is also the third-largest convenience store in the country and currently operates around 10,501 outlets.
E-Mart only has 5,169 stores while Ministop Korea has 2,603 branches, so it is clear why business analysts think that it can come close to 7-Eleven once it wins in the acquisition race. The retailer is going against private equity fund companies, but it still has a big chance to defeat them.
It was added that buying Ministop is also the fastest and most effective method for E-mart to push up its performance in the market. The competition in the convenience store sector is tougher these days since new branches are being opened so close to each other.
In fact, the government is strictly regulating the openings now and only allowing the operations if they are at least 100-meter away from the closest store. At any rate, some experts are predicting that 7-Eleven may also be interested in acquiring Ministop Korea and may join the bid later. This is because the deal will also help it win against the current no. 1 and no. 2 retailers which are CU and GS25.
"Recently, E-Mart 24 has shown it has competency against 7-Eleven in practical performance,” a business insider stated. “In the long term, if E-Mart runs a similar number of stores as 7-Eleven, it could deal a blow to the No. 3 player."
Meanwhile, Korea Joongang Daily reported that E-Mart is the only retailer that has placed its bid so far but aside from 7-Eleven, Lotte could also join the bidding. It is yet to see if any of these companies will really be interested in buying the Japanese-operated convenience store chain.
