Advertisement

7-Eleven Founding Family Member Bids to Take Company Private

JCM-stock.Adobe.com

Seven & i Holdings has received an acquisition offer from Junro Ito, a VP at the company and the son of its founder, and Ito-Kogyo, a private company affiliated with Ito. The Japan-based parent company of 7-Eleven rejected an initial buyout offer from Alimentation Couche-Tard (ACT) in September 2024, but the Canada-based convenience store operator apparently is still in the running.

ACT has reportedly increased its original offer of $38.5 billion to $45 billion, according to Fortune. If this deal goes through it would represent the largest-ever foreign buyout of a Japanese company, according to Fortune, which noted that the cost to go private could be even more — as high as $57.9 billion. However, Seven & i’s board has reiterated that no decisions about a buyer, or indeed whether to sell the company at all, have been made yet.

“We are committed to an objective review of all the alternatives before us as we consider proposals from Mr. Ito and Ito-Kogyo, from ACT, as well as the company’s standalone opportunities to unlock shareholder value,” said Stephen Dacus, Chair of the Special Committee of Seven & i’s board tasked with evaluating these proposals.

Advertisement

Featured Event

Join the Retail Trendcaster Webinar Series to uncover key 2025 retail trends, from AI and personalization to social commerce. Gain expert insights, data-driven predictions, and actionable takeaways to stay ahead in a rapidly evolving market.

Advertisement

Advertisement

Access The Media Kit

Interests:

Access Our Editorial Calendar




If you are downloading this on behalf of a client, please provide the company name and website information below: