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    INTERNATIONAL NEWS

    South African 7-Eleven founder dies; Russian oil company signs with GroupRed.

    George Hadjidakis, who pioneered the 7-Eleven chain of convenience stores in South Africa, died on June 25 while on holiday with his family in Greece.

    Hadjidakis built 7-Eleven into the largest independent convenience store chain in South Africa. Last year, the 7-Eleven corporation went into provisional liquidation after 70 Western Cape franchisees took Hadjidakis to the Cape High Court claiming millions for his alleged failure to pass on discounts on stock.

    Hadjidakis is survived by his wife, daughter, sons and five grandchildren.

    In other international news, Sibir Energy plc, an independent, integrated oil group with all operations in Russia, has chosen GroupRed LLC, a retail design and consulting firm based in New York, to develop brand and design concepts for its MTK convenience stores in Moscow, the fastest-growing fuels market in Europe.

    Under the agreement, GroupRed will aid Sibir Energy in developing a brand identity and graphic program for both the exterior and interior of MTK convenience stores; these will complement elements used to identify the petroleum marketer's new MTK fuel brand. GroupRed will also assist the company in the development of new interior layouts and operational concepts. Sibir currently has ownership interest in 73 service stations in Moscow and 66 stations in the surrounding Moscow Oblast. Two new units, slated to open this summer, are now being constructed under a partnership agreement between Sibir and the city of Moscow.

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