CU opens its first central Asian outlet in Kazakhstan

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[Photo provided by BGF Retail Co.]

BGF Retail, the operator of convenience store chain CU, announced on Thursday that it opened its first CU store in Almaty, Kazakhstan’s largest city, on Wednesday.

BGF Retail inked a master franchise agreement with Shin-Line, a local Kazakh company, in June 2023 to form a new convenience store entity, ‘CU Central Asia.’ Under the agreement, BGF Retail grants brand usage rights, store opening permissions, and operational rights to its local partner in return for royalties.

Shin-Line, a…