The Japanese owner of the chain also announced a plan to list its U.S. convenience store business as it tries to fend off a Canadian retailer’s $47 billion takeover bid.
Category: Seven & I Holdings Co
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7-Eleven Founding Family’s Bid to Block Foreign Takeover Collapses
The proposal worth over $50 billion by Junro Ito, the son of the founder of Seven & i Holdings, was aimed at fending off a takeover bid from Canada’s Alimentation Couche-Tard.
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A 7-Eleven Heir’s $50 Billion Fight to Keep the Company in the Family
A battle for control of the chain shows how traditional business models embraced by family owners are clashing with a more shareholder-centric approach.
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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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Masatoshi Ito, 98, the King of Convenience Stores in Japan, Dies
The New York Times – Business:He introduced the American chain 7-Eleven to the country, covering the landscape with thousands of outlets and starting a retail revolution there.