All articles tagged with #7 eleven
A Powerball ticket sold at a College Park 7-Eleven matched the first five numbers but missed the Powerball, earning $1 million for the holder; another Maryland player won $50,000 on a ticket in Catonsville. No jackpot winner in Saturday's drawing; the next jackpot is estimated at $748 million with a $325.1 million cash option. This marks Maryland’s second consecutive drawing with a $1 million Powerball winner.
Seven & i Holdings shares rose over 3% after a Nikkei report that the company is nearing a deal to acquire a stake in Poland’s Zabka Group, signaling a push into Central Europe as it seeks to boost its overseas convenience-store network toward about 100,000 stores by 2030. Zabka operates over 10,000 franchise stores in Poland, and the deal could be worth several hundred billion yen, marking a return to major overseas investments following Seven & i’s acquisitions of Australia’s 7-Eleven and Speedway in the U.S.,
Toshifumi Suzuki, who built the Japanese unit of 7-Eleven into a global convenience‑store empire, died in Tokyo at 93 from heart failure. As CEO of 7-Eleven Japan from 1978, he expanded the chain to more than 80,000 stores worldwide, oversaw acquisitions like Barney’s Japan in 2015 and added banking services, and helped Seven & i Holdings broaden its reach by absorbing Sogo and Seibu; a 2024 takeover bid by Couche‑Tard was abandoned. Funeral services were private; he is survived by his wife and two children.
Toshifumi Suzuki, the Japanese businessman behind Japan’s 7-Eleven convenience-store empire and former head of Seven & I Holdings, has died at age 93.
A $2.25 million class-action settlement resolves claims that Bank of America charged multiple out-of-network balance-inquiry fees during a single visit to FCTI-operated ATMs in 7-Eleven stores between May 1, 2018 and Nov 16, 2021. Eligible accountholders can file claims by June 29, 2026 (proof of purchase required); current accountholders need not file to receive benefits, while former accountholders must file. The final approval hearing is August 21, 2026, and individual payouts are TBD. Details and deadlines, including exclusion/objection options, are on the settlement site; Bank of America has not admitted wrongdoing.
Seven & i Holdings says its North American unit will close 645 stores in fiscal 2026, with some converted to wholesale fuel outlets, as openings there lag closures. The parent also projects a 9.4% revenue drop for the year while pursuing growth abroad and via initiatives like fresh food and 7NOW delivery.
7-Eleven's North American unit plans to close 645 stores in fiscal 2026, more than the 205 it expects to open, with many closures tied to converting sites to wholesale fuel stores; Seven & i expects revenue to fall about 9.4% for the year as it shifts growth outside North America and boosts offerings like fresh food and 7NOW, under new CEO Stephen Hayes Dacus.
Japan's highly integrated and service-oriented Konbini convenience stores are expanding to the U.S., bringing a model that offers not just food but a wide range of services, though it remains to be seen how well it will resonate with American consumers.
Shareholders of Seven & i have supported its new CEO, Stephen Dacus, amid a record $50bn takeover bid from Couche-Tard, with some investors expressing frustration over management and valuation issues. The company is trying to prove its independence and boost its share price through strategic moves, despite ongoing takeover attempts and shareholder divisions.
Seven & i Holdings, the owner of 7-Eleven, is embroiled in a bidding war involving its management, founding family, and Canadian company Alimentation Couche-Tard, with offers reaching $58 billion. Alimentation Couche-Tard, which owns Circle K, initially bid $39 billion but increased it to $47 billion. Meanwhile, Junro Ito, an executive and heir to 7-Eleven, proposed a $58 billion management buyout to take the company private. The outcome could lead to the largest-ever foreign takeover of a Japanese company, with a special committee evaluating the proposals to maximize shareholder value.
Seven & i Holdings, the owner of 7-Eleven, has entered negotiations with Canada's Alimentation Couche-Tard over a $47 billion takeover bid, while also receiving a rival offer from the founding Ito family. The Ito family's proposal, which involves significant borrowing and potential involvement from Itochu, a major Japanese trading house, aims to keep the company under Japanese control. This development marks a significant moment in Japan's corporate M&A landscape, with the special committee of Seven & i considering all options to maximize shareholder value.
Japan's Seven & i Holdings, the owner of the 7-Eleven convenience store chain, is considering a management buyout to go private, aiming to raise $38 billion. This move is intended to counter a takeover bid from Canada's Alimentation Couche-Tard. The founding family of Seven & i Holdings is reportedly seeking financial backing from institutions to support this buyout plan.
Authorities are investigating a new string of robberies at six 7-Eleven stores across Los Angeles County, occurring between Saturday night and early Sunday morning. Three suspects have been arrested, but it is unclear if these incidents are connected to a recent series of convenience store robberies in the area.
Three 7-Eleven stores in southern L.A. County were robbed within an hour early Sunday morning, with suspects targeting locations in Bellflower and Lakewood. The thieves, described as four men in black clothing and face masks, stole cash registers and fled in a black sedan. Police are investigating whether the robberies are connected.
Police in Massachusetts are investigating two armed robberies at 7-Eleven stores on the South Shore, with suspects wielding handguns and fleeing with cash. The incidents in Norwell and Quincy involved masked males, and a stolen vehicle is believed to be connected to one of the robberies. Authorities are seeking tips and working to confirm if the same suspects were involved in both incidents.