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Seven And I Holdings

All articles tagged with #seven and i holdings

business1 month ago•1 min saved

Eastern Europe beckons: Seven & i eyes stake in Poland's Zabka

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.,

via CNBC|

#7-eleven #business #expansion

business2 months ago•3 min saved

Toshifumi Suzuki, Architect of Japan’s 7-Eleven Empire, Dies at 93

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.

via PBS|

#7-eleven #business #conbini

business2 months ago•14 min saved

Suzuki, architect of Japan’s 7-Eleven empire, dies at 93

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.

via AP News|

#7-eleven #business #japan

business4 months ago•2 min saved

7-Eleven to shutter 645 North American stores in 2026 as wholesale fuel push, overseas growth take center stage

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.

via CBS News|

#7-eleven #business #north-america

business4 months ago•3 min saved

7-Eleven to shutter hundreds of North American stores as it retools into wholesale fuel network

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.

via ABC7 Los Angeles|

#7-eleven #business #north-america

business1 year ago•2 min saved

7-Eleven's $47 Billion Takeover Sparks Global Bidding War

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.

via Business Insider|

#7-eleven #acquisition #alimentation-couche-tard

business1 year ago•0 min saved

7-Eleven Owner Considers Major Management Buyout

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.

via Nikkei Asia|

#7-eleven #alimentation-couche-tard #business

business1 year ago•0 min saved

7-Eleven Owner Mulls $58 Billion Buyout to Go Private

Seven & i Holdings Co. is exploring a management buyout to potentially take the company private, with financial backing from banks, Itochu Corp., and the founding Ito family. The transaction could be valued at approximately ¥9 trillion ($58 billion) and may serve as an alternative for shareholders if Alimentation Couche-Tard Inc. intensifies its acquisition efforts.

via Bloomberg|

#alimentation-couche-tard #business #ito-family

business3 years ago•2 min saved

ValueAct urges 7-Eleven spin-off amid strategy concerns.

Investment firm ValueAct Capital, which owns a 4.4% stake in Seven & i Holdings, is pushing the company to explain its corporate strategy to shareholders, including why it is not spinning off its 7-Eleven convenience store chain or considering selling the whole company. ValueAct has suggested a tax-free spin-off of 7-Eleven or even a sale of the entire company. The investment firm wants answers to nine key questions when the company reports earnings this week, including why the company has not pushed ahead with a tax-free spin-off of 7-Eleven.

via Reuters|

#7-eleven #business #corporate-strategy