Tag - seven-i-holdings

 
 

SEVEN I HOLDINGS

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.
Japan Times
BUSINESS
Mar 9, 2023
Seven & I Holdings to cut over 20% of Ito-Yokado stores and exit apparel business
Ito-Yokado will close 33 unprofitable or low-profit margin outlets in Japan by the end of February 2026.
Japan Times
BUSINESS / Companies
Nov 11, 2022
Seven-Eleven parent to sell Sogo & Seibu stores to U.S. fund
The U.S. investment fund said it will revamp the operator of Sogo and Seibu department stores by teaming up with electrical appliances retailer Yodobashi Camera.
Japan Times
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.
Japan Times
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.
Japan Times
BUSINESS / Companies
Jan 7, 2022
China fines Seven & I Holdings for calling Taiwan a nation on map
Fines of about 150,000 yuan (u00a52.7 million) were imposed by the Beijing local authority against Seven & I, a spokesman for the Japanese retailer said.
Japan Times
BUSINESS
May 1, 2021
A grudge match in Japan: One corner, two 7-Elevens
A fight playing out in Osaka will have ramifications for 7-Eleven and the rest of Japan's major franchises.
Japan Times
BUSINESS / Companies
Aug 5, 2020
Creditors at odds with shareholders over Seven & I's Speedway mega-deal
The bond market is raising questions about what the price tag would mean for the company's relatively strong credit ratings.
Japan Times
BUSINESS / Companies / FOCUS
Aug 4, 2020
Seven & I deal shows store sales make gas-stations appealing despite virus
'The disadvantage of not winning this bid would have been other competitors expanding their business,” said the president of the 7-Eleven Inc. U.S. operation.
Japan Times
BUSINESS / Companies
Aug 3, 2020
7-Eleven owner to buy Marathon’s Speedway gas stations for $21 billion
Seven & I shares fell as much as 8.4 percent in early trading, the biggest intraday decline since March.
Japan Times
BUSINESS / Companies
Feb 20, 2020
7-Eleven owner in talks for Marathon's Speedway gas stations, sources say
Seven & I Holdings Co., which controls convenience store operator 7-Eleven, is in exclusive talks to acquire Marathon Petroleum Corp.'s Speedway gas stations for about $22 billion, according to people familiar with the matter.
Japan Times
BUSINESS / Companies
Dec 10, 2019
Seven-Eleven Japan failed to pay at least ¥490 million in overtime over several decades
A long-running error in the Seven & I Holdings Co. unit's calculations for such workers led to the shortfall for payments to part-time staff, sources said.
Japan Times
BUSINESS / Companies
Oct 11, 2019
Seven & I Holdings to cut 3,000 jobs and close 1,000 7-Eleven convenience stores across Japan
The number of domestic convenience stores operated by Seven-Eleven Japan Co. dropped by 24 in September from the previous month to 20,993, marking the first fall in five years, company officials said Friday.
Japan Times
BUSINESS
Sep 26, 2019
U.S. Seven-Eleven body to work with Japan peers to highlight difficulty of 24/7 operations
A U.S. body representing Seven-Eleven convenience store owners said Thursday it will seek to work together with Japanese owners on tackling the issue of running 24-hour operations in a tight labor market.
BUSINESS / Companies
Sep 3, 2019
Three of Japan's top four department stores saw sales grow in August
Three of the nation's four major department store chains posted year-on-year growth in same-store sales in August, backed by brisk demand for such summer products as sandals and parasols following the end of the rainy season.
Japan Times
BUSINESS / Companies
Aug 1, 2019
Seven & I to scrap 7pay smartphone payment service in Japan after users hacked
The Tokyo-based retail giant and operator of 7-Eleven convenience stores said it will end the service on Sept. 30.
Japan Times
BUSINESS / Companies
Jul 31, 2019
Seven & I Holdings resets all 7pay passwords after ¥38.6 million hack
Seven & I Holdings Co. said Tuesday that it has reset passwords for all of the roughly 16.5 million registered 7pay IDs, which are needed to use its smartphone payment service, following a recent security breach of the service.

Longform

Historically, kabuki was considered the entertainment of the merchant and peasant classes, a far cry from how it is regarded today.
For Japan's oldest kabuki theater, the show must go on