News

Stores

Staff Reporter

, Japan

Published:

22 days ago

Photo by Vitaliy Haiduk via Pexels

7-Eleven parent receives buyout proposal from Couche-Tard

No decision has been made yet on whether to accept, reject, or discuss the proposal.

Japan’s Seven & i Holdings Co., Ltd, which operates 7-Eleven stores worldwide, has confirmed that it has received a preliminary and non-binding acquisition proposal from Canada’s Alimentation Couche-Tard Inc. (ACT) to buy all outstanding shares of the company.

The company’s board of directors has established a special committee, exclusively comprised of independent directors and led by Chairperson Stephen Hayes Dacus. The committee will conduct a thorough and careful review of the proposal, along with the company's standalone plans and other potential strategies for enhancing corporate value.

No decision has been made yet on whether to accept, reject, or discuss the proposal with ACT.

Also Read

Charles & Keith launches flagship store in Chengdu, China

Ingka Centres to invest $670m in new retail complex in India

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Why many companies struggle to communicate sustainability efforts effectively

Transparent communication is deemed crucial to prevent greenwashing.

14 hours ago

Charles & Keith launches flagship store in Chengdu, China

This is the largest amongst the brand’s global locations.

Fashion

14 hours ago

Why social media is the new marketing frontier

The overall time spent on social media in the region increased by 66.13% to 82.9% over the past year.

Technology

14 hours ago

Food Empire invests $80m in new freeze-dried coffee facility in Vietnam

This will be the company’s second facility focused on freeze-dried coffee.

14 hours ago

Exclusives

MINISO opens biggest global store in Jakarta

The Chinese retailer aims to hit 1,000 stores in the next five years from about 300 now.

2 days ago

PUMA targets tech-savvy youngsters on TikTok

The world’s third-biggest activewear maker uses local influencers to connect with its market.

Fashion

How retailers can successfully engage the growing Gen Z market

Globally, Gen Zs are expected to have a total consumer spending of $12t by 2030.

E-commerce

K3Mart blends Korean culture and local MSME products in one store

The Indonesian convenience store offers a 50:50 ratio of imported and local products in their 30 outlets.

Event News

Retail Asia Awards 2024 Winner: Gateway Mall 2, Araneta

Gateway Mall 2, a new shopping centre in the Philippines, has been honoured at the Retail Asia Awards 2024 with the New Mall of the Year - Philippines accolade, coinciding with the Araneta Group's 70th anniversary.