A battle for control of the chain shows how traditional business models embraced by family owners are clashing with a more shareholder-centric approach.
Category: Convenience Stores
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Despite Global Crises, Gas Prices Slide as U.S. Election Nears
Fuel prices, which had soared after Russia’s invasion of Ukraine, have dropped to their lowest level since February.
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7-Eleven Rejects Takeover Bid From Big Canadian Chain
Japan’s Seven & i Holdings, the operator of 7-Eleven, has rebuffed a buyout offer that would have been the largest foreign-led acquisition of a Japanese company.
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7-Eleven Is a Hard Target for Couche-Tard to Land in Takeover Bid
Convenience stores are a part of the country’s culture, meaning that the foreign buyout bid for 7-Eleven, the largest chain, could be a hard sell in Japan.
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7-Eleven Gets Takeover Bid From Canada’s Alimentation Couche-Tard
Japan’s Seven & i Holdings, which operates 85,000 stores, said it had received a bid from the Canadian convenience store chain Alimentation Couche-Tard.
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‘Gas-Station Heroin’ Sold as Dietary Supplement Alarms Health Officials
Tianeptine, found at convenience stores, at smoke shops and online, can mimic an opioid. It is among a growing class of substances that are difficult to control.
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White House Delays a Decision on Banning Menthol Cigarettes
The proposal has elicited mounting opposition from tobacco companies, Black activists worried about police enforcement and small businesses, as President Biden moves into an election year.
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Masatoshi Ito, 98, the King of Convenience Stores in Japan, Dies
He introduced the American chain 7-Eleven to the country, covering the landscape with thousands of outlets and starting a retail revolution there.