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Alimentation Couche-Tard founder and executive chairman Alain Bouchard (left) and President Alex Miller hold a news conference in Tokyo on Thursday.
BUSINESS / Companies
Mar 13, 2025

Alimentation Couche-Tard ramps up campaign to take over Seven & I

The Canadian convenience store giant and owner of Circle-K has sought to combat skepticism surrounding the deal, most recently with a news conference in Tokyo.
Junichi Yasuda’s surprise hit “A Samurai in Time” won the award for best film at the 48th Japan Academy Film Prize ceremony.
CULTURE / Film
Mar 15, 2025

‘A Samurai in Time’ wins top prize at Japan’s premier film event

This country’s answer to the Oscars also saw awards go to “Oppenheimer” and “Faceless.”
Alimentation Couche-Tard founder Alain Bouchard (center), CEO Alex Miller (left) and CFO Filipe Da Silva attend a photo session after a news conference on their bid for Seven & I Holdings in Tokyo on Thursday.
BUSINESS / Companies / EXPLAINER
Mar 17, 2025

Why Couche-Tard's deal with Seven & I isn't going anywhere

The buyout bid has seen a mixed response in Japan, with some expressing concerns over the convenience store chain being taken over by a foreign company.
Alain Bouchard (left), chairman and founder of Alimentation Couche-Tard, speaks during a news conference in Tokyo on March 13.
BUSINESS / Companies
Mar 19, 2025

Couche-Tard meets privately with Seven & I investors, pressing case for takeover

The Canadian firm has sought to reassure the public and key stakeholders that it's not considering a hostile takeover, despite a monthslong standoff with Seven & I.
Alex Miller, CEO of Alimentation Couche-Tard, speaks during a news conference in Tokyo last week.
BUSINESS / Companies
Mar 20, 2025

Couche-Tard seeks to reassure investors on Seven & I approach

The parent company of the Circle K chain has been pursuing Seven & I for months, bidding almost $50 billion for it, but has been rebuffed.
Potential buyers for a package of 7-Eleven and other convenience stores have until the end of March to express their interest, Alimentation Couche-Tard Chief Financial Officer Filipe Da Silva said.
BUSINESS / Companies
Mar 26, 2025

Couche-Tard sees strong interest in U.S. stores for Seven & I deal

The Canadian company has agreed with Seven & I to seek a buyer for overlapping retail outlets as a prerequisite for takeover talks to sidestep U.S. antitrust concerns.
Stephen Dacus, incoming chief executive officer of Seven & I Holdings, speaks to reporters in Tokyo on April 24.
BUSINESS / Companies
May 1, 2025

Seven & I and Couche-Tard sign nondisclosure agreement

The move might signal that discussion on Couche-Tard's takeover proposal is moving forward.
People head into a Seven & I Holdings shareholders meeting on Tuesday in Tokyo's Chiyoda Ward.
BUSINESS / Companies
May 27, 2025

Seven & I shareholders back new board to deal with takeover proposal

Investors appear to be willing to see what happens with the radical overhaul, which the Japanese retailer had pledged to counter Couche-Tard’s ¥7.39 trillion approach.
Seven & I hopes to focus more on its 7-Eleven convenience stores.
BUSINESS / Companies / FOCUS
May 28, 2025

Seven & I’s move away from banking leaves market wondering

7-Eleven's ATMs are an important part of the convenience store operator's business.
Rock band Mrs. Green Apple performed an emotional rendition of hit song “Darling” on the final night of the Music Awards Japan.
CULTURE / Music
May 29, 2025

Songs, stars and strategy: Japan debuts its newest awards ceremony

From viral hits to legacy tributes, Japan's 'answer to the Grammys' delivers a celebration of J-pop's past and present at its inaugural event in Kyoto.
Seven & I Holdings, the operator of 7-Eleven storesm has pushed back against Alimentation Couche-Tard’s unsolicited ¥7.39 trillion ($51.3 billion) takeover proposal and is overhauling its business under a new CEO.
BUSINESS / Companies
Jun 12, 2025

Couche-Tard sees ‘clear path’ to Seven & I deal with U.S. stores divestment

The Canadian retailer says several potential buyers have made proposals to acquire its convenience stores in the U.S. that overlap with Seven & I's.
“Fani Mani” marks Kom_I’s return to music, after leaving the genre-bending J-pop outfit Suiyoubi no Campanella in 2021.
CULTURE / Music
Jul 4, 2025

‘Try first, figure it out later’: Kom_I and Foodman’s beautiful mess

Part philosophy and part performance, the musicians' “Fani Mani” is all party.
“Giselle” lead Yuriko Kajiya (center), performing with Connor Walsh as Albrecht, is one of six Japanese dancers at Houston Ballet.
CULTURE / Stage
Jul 9, 2025

Japanese dancers find a home abroad at Houston Ballet

Returning to Japan for the American ballet company's first international tour since 2022, several dancers speak about why they moved overseas.
Analysts say the failure of Alimentation Couche-Tard’s attempt to acquire the operator of 7-Eleven stores runs counter to the broader trend in Japan's investing landscape.
BUSINESS / Companies
Jul 18, 2025

Couche-Tard’s failed bid for Seven and I sparks debate over foreign acquisitions

Couche-Tard's acquisition failure is seen as running counter to the broader trend in the investing landscape in Japan.
BUSINESS
Aug 2, 2023

Seven & I replaces Sogo & Seibu president to pave way for sale

The planned sale has been delayed twice due to local opposition to a plan to open a Yodobashi outlet in Seibu's flagship store in Ikebukuro, Tokyo.
The 225-issue Nikkei average ended in negative territory Monday for the first time in six sessions.
BUSINESS / Markets
Aug 19, 2024

Nikkei falls on yen's gain, while Seven & I surges

The Nikkei index closed 1.77% lower at 37,388.62, snapping a five-day winning run that pushed up the index 8.7% last week.
A 7-Eleven convenience store, operated by Seven & i Holdings Co., at the company's headquarters in Tokyo
BUSINESS / Companies
Aug 31, 2024

Couche-Tard seeks pension fund backing for Seven & I bid

The retailer is reaching out to some of Canada’s largest pension funds to gauge their interest in providing equity, sources said.
U.S.-based asset manager Artisan Partners asked Seven & I, operator of 7-Eleven stores, to brief shareholders on the status of takeover negotiations with Alimentation Couche-Tard by Sept. 19.
BUSINESS / Companies
Sep 1, 2024

Seven & I shareholder pushes for negotiations with Couche-Tard

U.S.-based asset manager Artisan Partners asked Seven & I to brief shareholders on the status of takeover negotiations by Sept. 19.
J-pop superstar Hikaru Utada wore a resplendent rainbow dress while performing songs from their more recent albums “Hatsukoi” and “Bad Mode” during the second section of the Science Fiction tour.
CULTURE / Music
Sep 11, 2024

Hikaru Utada celebrates 25 years of hits with a sold-out finale

The J-pop superstar wrapped up their nostalgia-laden 18-show tour in front of 18,000 people at Yokohama’s K-Arena.
Suntory Holdings CEO Takeshi Niinami speaks during a Reuters Newsmaker event in Tokyo on Wednesday.
BUSINESS / Companies
Sep 12, 2024

Seven & I takeover bid shows a shift in government, Suntory CEO says

The takeover bid has also left many CEOs in Japan nervous that their companies could be next.
A supermarket in Narita, Chiba Prefecture, operated by Aeon. Shares of Aeon have extended their gains to 25% this year and reached a record high this week.
BUSINESS / Companies
Sep 13, 2024

Seven & I proposal fuels rally in Japanese retailers like Aeon

An increase in Japan’s consumer spending, which accounts for more than half of Asia’s second-biggest gross economy, is also supporting retailers.
Seven & I Holdings, the operator of 7-Eleven convenience stores, was designated as a "core" company. The government requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
BUSINESS / Companies
Sep 13, 2024

Seven & I gets new designation, a potential hurdle for takeover

The new "core" category requires any foreign entity to give prior notification of share purchases in a core company of more than 10%.
Seven & I Holdings has closed its convenience stores in Israel.
BUSINESS / Companies
Nov 13, 2024

Seven & I closes all eight convenience stores in Israel

Seven & I opened its first convenience store in Israel in January last year.
Funding for the proposed buyout of Japan's Seven & i Holdings by its founding family will be finalized by the end of December, sources say.
BUSINESS / Companies
Nov 21, 2024

Seven & I buyout funding to be finalized by next month, sources say

The retailer is caught in a three-way tug-of-war between a foreign suitor, its founding family and company management.
A 7-Eleven convenience store in Tokyo
BUSINESS
Nov 23, 2024

Seven & I founding family sounded out KKR and others about buyout: report

In addition to KKR, the founding Ito family also approached Bain Capital and Apollo Global Management.
One of conductor Seiji Ozawa’s most enduring contributions is the Seiji Ozawa Matsumoto Festival, which brings together young musicians and seasoned artists. The maestro passed away in February.
CULTURE / Entertainment news / 2024 in Review
Dec 27, 2024

The cultural luminaries we lost in 2024

While Japan’s culture marked notable triumphs at home and overseas, the year also saw the passing of many greats in the arts.
Seven & I Holdings reported Thursday that its operating profit was ¥128.4 billion during the three months to the end of November, compared with ¥169 billion a year earlier.
BUSINESS / Companies
Jan 9, 2025

Seven & I profit drops despite recovery in convenience stores

Operating profit was ¥128.4 billion during the three months to the end of November, compared with ¥169 billion a year earlier.
KKR is discussing investing several hundred billion yen for an equity stake in the operator of 7-Eleven convenience stores.
BUSINESS / Companies
Jan 16, 2025

KKR considers joining Seven & I management buyout after Apollo

The U.S. firm is discussing investing several hundred billion yen for an equity stake in the operator of 7-Eleven convenience stores.
The consortium proposing to take Seven & I Holdings private has tapped Citigroup and Bank of America for financing, adding to a growing group of players in the potentially record-breaking management buyout bid, people familiar with the matter said.
BUSINESS
Feb 7, 2025

Seven & I consortium to tap Bank of America and Citi for financing

The two U.S. banks’ role in the bid would be to refinance the debt of Seven & I’s U.S. unit.
Bain Capital is believed to have offered more than ¥700 billion for the corporate value of York Holdings, which owns supermarket chain Ito-Yokado and other units.
BUSINESS / Companies
Feb 24, 2025

Bain seen as preferred bidder for Seven & I supermarket business

Seven & I is expected to enter into final negotiations with Bain Capital on the investment ratio and other matters, sources said.

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