Tag - seven & i holdings

 
 

SEVEN & I HOLDINGS

Seven & I Holding’s logo is seen at a 7-Eleven convenience store in Tokyo on Aug. 19. Apart from 7-Eleven, Seven & I also owns, has stakes in or operates a number of other iconic properties, including Denny’s, Tower Records and Ito-Yokado.
BUSINESS / Companies
Aug 22, 2024
Japan warms to audacious Canadian bid for 7-Eleven operator
The deal might just work if Alimentation Couche-Tard lets the convenience store chain get on with business and continue to develop and expand globally.
The 7-Eleven convenience store chain, a deeply ingrained part of modern Japanese life, faces a potential takeover by Canadian company Alimentation Couche-Tard.
COMMENTARY
Aug 21, 2024
A 7-Eleven buyout would stretch Japan’s appetite for M&A
The country’s convenience stores have become essential to daily life. That has many fearing the prospect of a foreign takeover.
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.
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, 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.
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.
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.
BUSINESS / Companies
Feb 10, 2024
Struggling unit of 7-Eleven's parent company to exit central and northern Japan
The Seven & I Holdings unit will close five of its 17 stores in the regions and hand over 11 to other supermarket operators.
A Sogo department store in Yokohama. Fortress Investment Group, which has acquired Sogo & Seibu, plans to keep all 10 Sogo and Seibu department stores open for the time being, sources said.
BUSINESS / Companies
Sep 6, 2023
Fortress to maintain all Sogo and Seibu stores for now: sources
The U.S. investment firm now plans to spend a total of ¥60 billion, compared with at least ¥20 billion it initially considered.
Union workers of Sogo & Seibu hold banners which read 'on strike' in front of the company's flagship Seibu Ikebukuro store in Tokyo on Thursday.
BUSINESS / Companies
Aug 31, 2023
Sogo & Seibu labor union begins strike at flagship Ikebukuro store
While the labor union made a strong effort to prevent Seven & I from proceeding with the deal, a decision was made to sell the department store unit.
BUSINESS / Companies
Aug 30, 2023
Sogo & Seibu labor union to launch rare strike after talks break down
Around 900 workers at Ikebukuro's flagship will participate in what will be the first strike at a Japanese department store in about 60 years.
BUSINESS / Companies
Aug 28, 2023
Sogo & Seibu labor union plans strike over possible sale
If the strike goes ahead on Thursday, it would be the first in Japan’s department store industry in about 60 years.
Warabeya Nichiyo Holdings has apologized after a video went viral that showed one of its rice ball products appearing to contain a cockroach at a Seven Eleven convenience store.
BUSINESS
Aug 7, 2023
Cockroach contamination sends rice-ball supplier’s stock reeling
The company said it is recalling all relevant goods from the factory in Omiya where the food was produced.
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.
Japan Times
BUSINESS
May 5, 2023
7-Eleven spinoff would jeopardize growth, CEO says, pushing back at ValueAct
Ryuichi Isaka said 7-Eleven is reliant on staff and know-how from Seven & I's supermarket businesses in developing products for its Seven Premium private brand.
Japan Times
BUSINESS
May 3, 2023
Seven & I says strategy will work in latest missive to ValueAct
Debate between Seven & I and activist fund ValueAct Capital Management is likely to continue through May 25, when Seven & I is scheduled to hold its annual general meeting.
Japan Times
BUSINESS
Apr 7, 2023
Seven-Eleven’s owner says new committee to review spinoffs and IPOs
The committee of outside board members will recommend changes and execute them, the eight independent directors said in a statement.
Japan Times
BUSINESS / Companies
Mar 13, 2023
Masatoshi Ito, founder of Japanese retailer Ito-Yokado, dies at 98
The company Ito founded was the predecessor to Seven & I Holdings, operator of more than 83,000 7-Elevens dotting the globe, with about a fourth of them in Japan.
BUSINESS / Companies
Nov 9, 2022
Fortress close to buying Japan’s Sogo & Seibu for over $1.4 billion
Discussions are in their final stage and an announcement could come as soon as Thursday, sources have said.
BUSINESS / Companies
Jul 3, 2022
Seven & I to negotiate sale of Sogo & Seibu to SoftBank-owned Fortress
In operating the stores, Fortress is considering cooperating with major Japanese electronics retailer Yodobashi Holdings.

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