7-Eleven parent company Seven & i Holdings restructures to prevent a $47bn takeover bid, focusing on profitable stores and international expansion.

Seven & i Holdings, the parent company of 7-Eleven, is restructuring to fend off a $47 billion takeover bid from Canada's Alimentation Couche-Tard. The plan involves spinning off its underperforming supermarket business and 30 non-core units, focusing on expanding its profitable 7-Eleven stores. CEO Ryuichi Isaka aims for disciplined growth and increased shareholder value, projecting revenue growth to 30 trillion yen by 2030 through international expansion and enhanced services.

October 23, 2024
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