7-Eleven Plans to Expand Domestically and Internationally
Kanoko Matsuyama & Koh Yoshida from The Japan Times:
Seven & I Holdings said it will open 1,300 new international stores, mainly in the United States, in an update to its midterm plan after Circle-K operator Alimentation Couche-Tard dropped its ¥6.77 trillion ($44.9 billion) takeover proposal.
The company said it will also add 1,000 net new outlets in Japan as part of its growth strategy. The goal is to "satisfy changing customer needs with new formats and accelerate openings,” the operator of 7-Eleven stores said in a presentation Wednesday.
This article summarizes the Couche-Tard drama from the past year well. Ultimately, 7 along with its rivals Lawsons & FamilyMart are too vital to the functioning of Japanese society to be run by a foreign operator. I was very happy to see the Canadians surrender. Au revoir!