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McLane, Famima Ink Service Agreement

TEMPLE, Texas -- McLane Co. Inc. entered into a service agreement with Famima Corp. USA. Backed by the strength of Japanese convenience store operator FamilyMart Co. Ltd., Famima plans to open 200 stores in the United States over the next four years. The first store will open in West Hollywood, Calif., in late July.

Shiro Inoue, president and CEO of Famima, said, "Our service agreement with McLane provides us the depth and quality support and services to grow rapidly and realize our goal to be the 'premium experience' destination for our customers."

FamilyMart Co. Ltd., through U.S.-based Famima Corp., has an aggressive strategy for bringing Famima stores to the United States. With the West Hollywood store as its pilot project, a strategic rollout of hundreds of retail stores and franchise systems are planned over the next four years.

"McLane is truly excited about supporting the growth of Famima. Our high-quality distribution services, wide product mix and speed to market with new products will complement the Famima Merchandise Management System," said Steve Brady, director of business development for McLane's Grocery Distribution Division.

Famima Corp. USA was founded in 2004 to bring elite, neighborhood-focused specialty food and goods stores to the U.S. market. Backed by the strength of Japan's FamilyMart Co. Ltd., FamilyMart Group comprises 16 companies: FamilyMart Co. LTD, eight subsidiaries and seven affiliates. In parallel with its core business of operating convenience stores and franchises through a network of more than 11,000 stores in Japan and other East Asian countries, the group engages in business in the sphere of e-commerce and a range of other fields. FamilyMart is a subsidiary of ITOCHU Corporation, Japan. Since 1988, FamilyMart has dynamically expanded its overseas network by establishing stores in Taiwan, South Korea, Thailand and Shanghai. By the end of fiscal 2008, the company expects to realize a 20,000-store network.

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