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.

5 months ago
7 Articles