Retail in Asia

In Shops

7-Eleven owners say HK’s wage rise has made them loser

Workers at 7-Eleven stores in Hong Kong may be guaranteed a minimum hourly wage of HKD28 (USD3.6), but some of their bosses say they are earning less than that.

More than 10 7-Eleven franchise holders – squeezed by the minimum wage law that took effect  on 1 May 2011 and an unfavourable agreement with local brand-owner, Dairy Farm – have in the last year given up the right to run the convenience stores, said Thomas Hung Wing-yu of the Hong Kong Franchisee Association.

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(Source: scmp.com)