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Seven & i’s independent directors said on Thursday the Japanese retail giant’s board would continue to review strategic alternatives as it faces pressure for broader reforms from some shareholders, including activist ValueAct Capital. ValueAct, which owns a…
Japanese 7-Eleven convenience store chain owner Seven & I will purchase Marathon Petroleum’s American Speedway petrol stations in a US$21 billion deal that has been significantly delayed by the advent of the coronavirus pandemic. The firm was reported to be…
7-Eleven Japan has become the country’s first retailer to open more than 20,000 stores. The Seven & I Holdings unit reported a store count of 20,033 at the end of last month, up by 54 from the end of December. By comparison, Japan has about 24,000 post…
Bicycle hubs are being rolled out at 7-Eleven Japan outlets in a partnership with the Hello Cycling bike-sharing business. The convenience store parent Seven & I Holdings has partnered with Hello Cycling, launched last year by tech company SoftBank Group and…
While Japanese retailer Seven & I, which owns the 7-Eleven brand, has seen sales sliding, it plans to triple its network of supermarkets and department stores in China. The company aims to capitalise on the high growth in Sichuan province to grow its general…
A merger of Japan’s third and fourth-ranked convenience store operators is set to create a “third force” in Japanese retailing behind Seven & I and Aeon. The FamilyMart-Uny merger terms have now been agreed and the two companies are now working towards an…
Japan’s Seven & I Holdings says it will open a giant online store in November, offering products sourced from across its retail store brands. By February 2019, Seven & I anticipates a range of 6 million SKUs will be available on the new store, including goods…
Two of Japan’s largest retail businesses are eyeing a “comprehensive business alliance” according to Japanese news reports. A strategic relationship currently under discussion could see a range of mutually beneficial co-operations spanning physical stores and…
Swiss retailer Migros is to sell private label products into two Japanese retail chains. Switzerland’s largest grocer, and one of the world’s 40 largest supermarket chains, is to sell lines to Lawson’s Seijo Ishii stores and Seiyu, which is Walmart’s Japan…
Japanese retail giant Seven & I Holdings is to partner with an Osaka supermarket chain in product development and supply chain initiatives. Its new partner, Mandai Co, has about 150 stores in Osaka and four other prefectures in Kansai and achieved ¥279.3…
