Japan's Seven & i Holdings , operator of the 7-Eleven convenience store chain, has picked Bain Capital as its preferred buyer for a stake of its non-core assets, local media reported on Saturday.
The founding family of Seven & i is asking Thailand's Charoen Pokphand (CP) Group to invest in a managed buyout of the Japanese retailing giant, NHK reported on Thursday.
Seven & i Holdings Co., Ltd. (OTCPK:SVNDY) Q4 2024 Earnings Conference Call January 10, 2025 10:00 AM ET Company Participants Yoshimichi Maruyama - CFO and Managing Executive Officer Stanley Reynolds - President Ken Wakabayashi - Director, CEO & President of 7-Eleven International LLC Conference Call Participants Yoshimichi Maruyama [interpreted] Once again, good evening.
Apollo Global Management is considering investing as much as 1.5 trillion yen ($9.5 billion) in a management buyout of Japan's Seven & i Holdings , Bloomberg News said on Friday, citing several people with knowledge of the matter.
Japan's Seven & i Holdings , operator of the 7-Eleven convenience store chain, said quarterly operating profit fell by a quarter, missing analysts' estimates, as inflation hit consumer spending in Japan and North America.
Japanese economy minister Ryosei Akazawa said on Wednesday he believed a potential foreign acquisition of retail giant Seven & i was a matter "heavily related" to national security.
Japan's Seven & i Holdings said on Wednesday it plans to open 500 new convenience stores in the United States and Canada through 2027.
A rise in shareholder activism in Japan is poised to fuel a new wave of management buyouts by founding families, after the battle for 7-Eleven's parent company prompted a $58 billion takeover offer from the Ito dynasty that built the retail giant.
Japan's Seven & I Holdings Co., fending off a takeover bid, may list its North American 7-Eleven convenience stores in an initial public offering as part of a management-led takeover bid, according to a published report.
Seven & i Holdings, owner of 7-Eleven stores, is at the center of a three-way bidding war. The company's management, its founders, and a Canadian convenience store company all want control.
The convenience chain is at the center of a bidding war between would-be buyers on two continents. Here's why they're hungry for it.
Seven & i shares soared as much as 10.87% on Wednesday after NHK reported that the firm founding family was raising funds to take the company private by March 2025. Canadian convenience store operator Alimentation Couche-Tard has also bid for the company that has been designated as "core" to Japan's national security.