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Stock impact report

Japanese Owner Of Global 7-Eleven Store Chain Gears Up For Growth [Forbes]

SEVEN & I HLDGS UNSP/ADR (SVNDY) 
NASDAQ:AMEX Investor Relations: en.wikipedia.org/wiki/seven_(1995_film)
Company Research Source: Forbes
When died in March 2023 at age 98, a crucial restructuring was underway at Tokyo-based , which he built into a retailing behemoth, best known for its global 7-Eleven convenience store chain. ss After shutting down a quarter of its 126 Ito-Yokado supermarkets in the past two years, the company completed the sale of its struggling department store unit Sogo & Seibu Co. in September to U.S.-based Fortress Investment Group. Subsequently it pressed ahead with acquisitions, buying the 7-Eleven chain in Australia for $1.1 billion and expanding its U.S. footprint with the $950 million purchase of over 200 Sunoco gas stations and convenience stores. These moves, aimed at focusing on its core strength, were demanded by San Francisco-based activist investor . Seven & i's biggest revenue driver is its worldwide network of nearly 85,000 convenience stores, which account for over 80% of its its almost $75 billion annual revenue. Despite the restructuring, the late patriarch's heirs, includ Show less Read more
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