Latest news with #Seven&iholdings
Bloomberg
6 days ago
- Business
- Bloomberg
The Billion-Dollar Battle to Own 7-Eleven
7-Eleven convenience stores perfected their model in Japan, where diverse, fresh-food offerings attract locals and tourists alike. But the company, which had its start long ago in the US, has struggled to replicate that success elsewhere—particularly in the country where it was born. Now a new player believes it can do a better job at creating a global convenience store empire. Canadian company Couche-Tard, owner of Circle K stores, has made an unsolicited bid to buy Seven & i Holdings, the parent of 7-Eleven. On the Bloomberg Originals mini-documentary Why There's a Battle to Own 7-Eleven, we discuss how the famous chain had its start and why its Japanese locations are so different from those in the US.
NHK
21-05-2025
- Business
- NHK
Seven & i plans to sell partial stake in Seven Bank to Itochu
The Japanese operator of the 7-Eleven convenience store chain is planning to sell part of its bank unit to major trading firm Itochu. The plan by Seven & i Holdings is part of its strategy to focus on its core convenience-store business as it faces a takeover proposal. The bid comes from Alimentation Couche-Tard, the operator of Canada's leading convenience-store chain. Sources say that Seven & i is making arrangements to sell part of its 46-percent stake in Seven Bank to Itochu. The shares involved come with voting rights. The two firms are expected to determine the size of the stake through discussions. Seven & i aims to lower the ratio to under 40 percent, which would allow it to remove the bank from the group's consolidated accounting statements. Seven Bank operates ATMs mainly at 7-Eleven stores. Itochu has the FamilyMart convenience-store chain under its umbrella. The ATMs in those stores are outsourced. The trading firm may replace the machines with those of Seven Bank.
