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Pedestrians outside a Seibu department store in Tokyo's Ikebukuro district in April
BUSINESS / Companies
Jul 31, 2023

Seven & I struggles to sell slumping Sogo & Seibu department stores

The holdup is centered around the flagship Seibu department store in Tokyo's Ikebukuro district, with the local government expressing rare opposition.
On display at the new 7-Eleven store in Matsudo, Chiba Prefecture, are about 2,000 additional products that aren’t usually carried in 7-Elevens, including fresh fruit, diapers and hair-care products.
BUSINESS / Companies
Feb 29, 2024

Seven & I Holdings explores market for bigger 7-Elevens

Its new store in Chiba Prefecture will have more than twice the number of products and is almost double the size of regular outlets.
Masaki Takahashi, Takashi Yamazaki, Kiyoko Shibuya and Tatsuji Nojima celebrated winning the Oscar for best visual effects on the Dolby Theatre stage in Los Angeles, California, on Sunday.
CULTURE / Film
Mar 11, 2024

Oscars 2024: A night to remember for Japanese cinema

Filmmaking peers in Hollywood honor the excellence of two Japanese titans: Studio Ghibli and Godzilla
Speculation has been swirling for months over the fate of Ito-Yokado, which was Seven & I's original retail franchise before it bought 7-Eleven and turned it into a large, successful business.
BUSINESS / Companies
Apr 10, 2024

Seven & I set to split 7-Eleven from original Ito-Yokado stores

Ito-Yokado was the company’s original franchise before it bought 7-Eleven and turned it into a successful business.
A 7-Eleven convenience store, operated by Seven & I Holdings, in Tokyo
BUSINESS / Companies
Aug 19, 2024

Couche-Tard bids for $31 billion Japanese retailer Seven & I

If realized, Canadian convenience-store operator Alimentation Couche-Tard's move would be the largest-ever foreign takeover of a Japanese company.
Alimentation Couche-Tard’s proposed acquisition of Seven & I Holdings, if successful, would be an extremely rare case of a foreign company's buyout of a major Japanese firm.
BUSINESS / Companies
Aug 20, 2024

Seven & I buyout would be a watershed moment for Japan takeovers

Until now, an attempt to acquire such a well-known Japanese business at such scale would have been dismissed as audacious and unlikely.
A Canadian retailer's bid to buy the operator of 7-Eleven convenience stores follows the introduction last year of government guidelines on mergers and acquisitions instructing companies to seriously consider takeover offers.
BUSINESS / Companies / ANALYSIS
Aug 27, 2024

Seven & I takeover proposal tests Japan’s evolving investor-friendly stance

The proposed purchase of the convenience store operator follows government guidelines instructing companies to seriously consider takeover offers.
A Couche-Tard convenience store in Montreal. Canadian retailer Alimentation Couche-Tard has made a preliminary non-binding proposal to buy 7-Eleven owner Seven & I Holdings.
BUSINESS / Companies
Aug 27, 2024

Couche-Tard might finance Seven & I takeover with debt

A leveraged acquisition would be feasible because of the Japanese company's strong cash flow, people familiar with the Canadian retailer’s thinking said.
Alimentation Couche-Tard’s takeover bid for Seven & I already faces a potential funding problem, but the yen's recent rise puts another hurdle.
BUSINESS / Companies
Sep 5, 2024

Strong yen adds to challenge for Couche-Tard’s Seven & I bid

The buyout already faces questions in terms of potential funding and the target’s efforts to seek government protection.
Seven & I Holdings, operator of the 7-Eleven convenience store chain, said on Friday it has rejected Alimentation Couche-Tard's takeover bid as not being in the interest of shareholders.
BUSINESS / Companies
Sep 6, 2024

Seven & I pans value of offer as it rejects Canadian takeover bid

Seven & I said that Alimentation Couche-Tard had “grossly” undervalued the target company and that the takeover attempt was timed “opportunistically.”
Alimentation Couche-Tard said it is willing to engage in confidential discussions with 7-Eleven operator Seven & I Holdings and is keen on still pursuing an acquisition.
BUSINESS / Companies
Sep 9, 2024

Couche-Tard pushes for Seven & I deal talks after rejection

A potential deal would create a global convenience store behemoth with more than 100,000 stores.
Japanese actress Anna Sawai, winner of the outstanding lead actress in a drama series award for "Shogun," and Japanese actor Hiroyuki Sanada, winner of the outstanding lead actor in a drama series award for the show, pose in the press room during the 76th Emmy Awards in Los Angeles on Sunday.
CULTURE / TV & Streaming
Sep 16, 2024

'Shogun' becomes first non-English-language winner of best drama Emmy

Veteran leading man Hiroyuki Sanada and co-lead Anna Sawai also took home acting awards for their roles in the show.
Circle K owner Alimentation Couche-Tard’s initial $14.86-a-share proposal, seen as cheap at only 20% above Seven & I’s share price, may fail without a higher bid.
COMMENTARY / Japan
Sep 19, 2024

How 7-Eleven can get a big price from Circle K

Alimentation Couche-Tard’s initial $14.86-a-share proposal, seen as cheap at only 20% above Seven & I’s share price, is unlikely to succeed without a higher bid.
An Ito-Yokado supermarket in Tokyo. Selling down some of its stake in the supermarket business would allow Seven & I to bring in a partner that could accelerate an overhaul of the unit.
BUSINESS
Oct 4, 2024

Seven & I considering supermarket stake sale ahead of IPO, sources say

The supermarket business includes the Ito-Yokado chain, one of Japan's best-known grocery store businesses.
Couche-Tard isn’t giving up on its takeover effort of Seven & I Holdings, the owner of 7-Eleven stores.
BUSINESS / Companies
Oct 9, 2024

Couche-Tard reportedly sent higher price of $47 billion for Seven & I

The fresh attempt to enter talks shows that Couche-Tard isn’t giving up on its takeover effort.
Seven & I had been under pressure from activists and other investors for years to narrow its focus on its crown jewel: 7-Eleven and other convenience stores.
BUSINESS / Companies
Oct 10, 2024

Seven & I to embrace 7-Eleven name as it sheds noncore businesses

The plans accelerate restructuring efforts in the face of an unsolicited ¥7 trillion takeover proposal from Alimentation Couche-Tard.
Seven & I Holdings essentially unveiled a plan to split in two.
BUSINESS / Companies
Oct 11, 2024

Seven & I to split in two to fend off Couche-Tard takeover bid

The big question is if the move will be enough to win over any investors warming to Couche-Tard’s approach.
Ryuichi Isaka, CEO of Seven & I Holdings, speaks during a news conference in Tokyo in April. Isaka is now assuring investors that the group's revenue will likely almost double by the 2030 fiscal year.
BUSINESS
Oct 24, 2024

Facing buyout bid, Seven & I tells investors sales will double by 2030

The retailer aims to reach ¥30 trillion in group sales by the 2030 fiscal year, with a greater contribution from convenience-store operations in markets abroad.
Seven & I Holdings' 46% stake in Seven Bank could raise around ¥30 billion by the end of the current fiscal year in February.
BUSINESS / Companies
Nov 6, 2024

Seven & I is said to plan reducing stake in banking unit to 38%

The retailer’s 46% stake in Seven Bank could raise around ¥30 billion by the end of the current fiscal year in February.
Seven & I Holdings on Wednesday said that it has received a nonbinding offer for the company from Junro Ito, a vice president and representative director of the company, and Ito Kogyo, a company connected to him.
BUSINESS / Companies
Nov 13, 2024

Seven & I considers massive management buyout offer

The offer brings together a member of the company’s founding family, a giant trading company and some of Japan’s largest banks.
Itochu has tapped Daiwa Securities Group and the founding Ito family has hired SMBC Nikko Securities as financial advisers for their ¥9 trillion ($58.4 billion) proposal to take Seven & I Holdings private, people with knowledge of the matter have said.
BUSINESS / Companies
Nov 25, 2024

Nomura, Daiwa and other advisers win coveted Seven & I buyout roles

The multitude of financial advisers reflects the complexity of any potential buyout, as well as the lucrative fees if consummated.
Apollo Global Management is discussing a commitment of as much as ¥1.5 trillion for an equity stake in a bid by Seven & I’s founding Ito family to take the convenience store operator private.
BUSINESS / Companies
Jan 10, 2025

Apollo weighs $9.5 billion stake in Seven & I management buyout

Under the current proposal, Apollo would join the Ito family and Itochu, the operator of FamilyMart in Japan, as key investors.
Akutagawa Prize winners (from left) Jose Ando, author of "Dtopia" and Yui Suzuki, author of "Goethe wa Subete o Itta," and Naoki Prize winner Shin Iyohara, author of "Ai o Tsugu Umi."
CULTURE / Books
Jan 15, 2025

Japan's most prestigious literary awards go to a trio of contemporary voices

Jose Ando and Yui Suzuki take home Akutagawa honors, while Shin Iyohara nabs the Naoki Prize.
A 7-Eleven convenience store, operated by Seven & I Holdings, in Tokyo
BUSINESS / Companies
Feb 26, 2025

Seven & I buyout talks stall over management control

The founding Ito family and Itochu have yet to reach consensus on the composition of the board of the post-buyout entity, sources said.
Itochu dropping its Seven & I Holdings buyout plan would place Alimentation Couche-Tard’s offer back in the limelight.
BUSINESS / Companies
Feb 27, 2025

Itochu drops Seven & I buyout, putting Couche-Tard back in limelight

An individual with an understanding of the deal said Itochu and Seven & I lacked synergy to justify the deal.
People take photos of the Shinjuku Alta building on Friday evening.
JAPAN / Society
Feb 28, 2025

Shinjuku Alta closes its doors after 45 years

The shopping complex near the JR Shinjuku Station served as a de facto meeting point for many in one of Tokyo’s busiest entertainment districts.
The Seven & I takeover saga is being closely watched as a test case of Japan’s openness to foreign capital, after recent governance reforms banned corporations from ignoring overtures that may raise value for shareholders.
BUSINESS / Companies
Mar 4, 2025

Seven & I shares fall amid report it may reject buyout offer

The company said it is still having constructive discussions with Couche-Tard after a report said it would reject the offer.
Seven & I named Stephen Hayes Dacus as its first foreign chief executive on Thursday.
BUSINESS / Companies
Mar 6, 2025

Seven & I announces measures to fend off Couche-Tard takeover

The announcements are the latest twist in a saga that began last year when Seven & I rebuffed a takeover offer from Canada's Alimentation Couche-Tard.
Couche-Tard has made clear that it wants to learn from Seven & I Holdings to improve its North America operation, and has ruled out going hostile in takeover talks.
BUSINESS / Companies
Mar 7, 2025

Couche-Tard holds talks for sale of U.S. shops in Seven & I deal

The retailer last year proposed to purchase Seven & I Holdings for $18.19 per share, but so far hasn’t been able to enter negotiations with the firm.
Seven & I Holdings says it has agreed to jointly explore store sell-offs with Alimentation Couche-Tard to address antitrust concerns ahead of a potential merger.
BUSINESS / Companies
Mar 10, 2025

Shareholder pushes Seven & I to engage with Couche-Tard

The operator of 7-Eleven stores says that it is doing so, and has rebuffed Artisan Partners Asset Management’s assertions of conflicts of interest within the board.

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