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The company was established in 1973 as York Seven (ヨークセブン, Yōku Sebun) by the supermarket chain Ito-Yokado in collaboration with Southland Corporation, now known as 7-Eleven, Inc, an American convenience store chain. As of 2022, Seven-Eleven is the largest convenience store chain in Japan in terms of sales and number of stores.
In November 2005, Seven & i acquired the shares of 7-Eleven, Inc. through a public tender offer, making it a wholly-owned subsidiary via Seven-Eleven Japan. [2] Seibu Department Store in Ikebukuro, Tokyo. On December 25, 2005, Seven & i solidified its plans to merge with Millennium Retailing, which owns the department stores Seibu and Sogo. On ...
Operating the Japanese stores under Seven-Eleven Japan, Ito-Yokado acquired a 70% stake in Southland Corporation in 1991; as majority owner, it changed Southland Corporation's name to 7-Eleven, Inc. that same year, then expanded to 100% ownership in November 2005, making 7-Eleven, Inc. a wholly owned subsidiary of Seven-Eleven Japan.
7-Eleven, originally a U.S. brand, first came to Japan in 1974, after Ito-Yokado opened the first outlet in Tokyo. The Japanese retail company bought a 70% stake in 7-Eleven in 1991. This story ...
In 2020, Seven & i and Couche-Tard were rival bidders to take over U.S. gas station chain Speedway, which the Japanese company ended up purchasing for $21 billion. ($1 = 146.2200 yen)
7-Eleven Inc. also says it works closely with Seven-Eleven Japan to share learnings and best practices, including working with some of the same fresh food manufacturers and commissaries.
Ito-Yokado Co., Ltd. (株式会社イトーヨーカ堂, Kabushiki-gaisha Itō Yōkadō) is a Japanese general merchandise, shopping center, grocery store and department store, originally founded in 1920. In 2005, it was reorganized, as part of a corporate restructuring, as a subsidiary of the Seven & I Holdings Co.
In a filing with the Tokyo Stock Exchange, the owner of 7-Eleven revealed that Couche-Tard had offered to acquire all outstanding shares of Seven & i for $14.86 per share. According to LSEG data ...