
Seven & I’s IPO of U.S. arm hinges on faster turnaround, CEO says
The timing of an initial public offering will depend on execution and the market, says Stephen Dacus, who took over as head of the company six months ago.
The Japan TimesThe Japanese parent company of 7-Eleven is betting billions of dollars that it can expand its business in the United States by making its convenience stores more like the food meccas they are in Japan.
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Is America ready for Japanese-style 7-Elevens?
Facing a stagnant and highly competitive retail market in Japan, Seven & I’s growth is expected to come from overseas.
The Japan TimesSeven & I Holdings shareholders approved a new board at a low-key annual meeting, despite the drama surrounding a company facing a takeover proposal by Alimentation Couche-Tard, the operator of Circle K stores.
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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.
The Japan Times
Seven & I’s new CEO plans aggressive investments in U.S. stores
In addition to investing in its North America operations, Stephen Dacus is also looking to review the company’s supply chain globally.
The Japan Times
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.
The Japan Times
Seven & I to reject Couche-Tard’s buyout proposal, report says
A special committee reviewing the offer decided in favor of keeping the Japanese convenience store chain independent because of antitrust concerns in the U.S.
The Japan Times
7-Eleven owner to appoint first foreign CEO, report says
The owner's plan to take the company private to avoid being taken over by Couche-Tard collapsed last week, piling pressure on it to reconsider the $47 billion takeover proposal.
The Japan Times