A Feud Threatens to Tear Apart Convenience Store Chain
- Convenience chain says partner Ting Hsin withheld payments
- Taiwanese conglomerate says FamilyMart is charging too much
This article is for subscribers only.
FamilyMart, the most successful Japanese convenience-store chain in China, is embroiled in a royalty payments fight between its Japanese and Chinese joint-venture partners that could change how much money each side makes or scuttle the partnership entirely.
FamilyMart UNY Holdings Co. is suing to end its Chinese FamilyMart partnership with Ting Hsin International Group, saying the Taipei-based conglomerate hasn’t fairly shared the gains from the chain’s rapid expansion, according to people familiar with the matter and legal documents seen by Bloomberg.