Retail store operator Pick N Pay has entered into an agreement with BP to retail fuel in addition to operating convenience stores at petrol stations in South Africa, according to PetrolWorld.
Under the agreement, BP will act as the landowner and fuel wholesaler, while Pick N Pay will function as a franchisee. The two parties had signed a memorandum of understanding in July 2008 and are expected to open two initial locations in Cape Town by 2008-end. Countrywide roll out reportedly depends on the success of the business model.
The new locations will be named Pick N Pay Express and will replace existing BP Express stores. These locations will stock over 1,500 lines and will be open for business 24 hours a day, seven days a week, according to the news source.
Logo from BP.