Japan’s Seven & i plans to open 500 new convenience stores in U.S., Canada by 2027

Japan’s Seven & i Holdings said on Wednesday it plans to open 500 new convenience stores in the United States and Canada through 2027.

Seven & i’s founding Ito family made an offer, estimated to be worth $58-billion, last month to take the company private amid a competing takeover offer from Canada’s Alimentation Couche-Tard ATD-T.

A company spokesman confirmed an earlier report by Kyodo about the plan for convenience stores in North America, adding that it was part of Seven & i’s strategy to grow to 100,000 stores in 30 countries and regions by 2030.

Seven & i has more than 15,000 stores in North America currently but said in October it would close 444 underperforming stores in the region.

The Ito family aims to raise more than 1 trillion yen ($6.52-billion) from a listing of Seven & i’s North America convenience store business, Bloomberg News reported this month.

Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=676352c2e50d4445999ac73f6ec2b51a&url=https%3A%2F%2Fwww.theglobeandmail.com%2Fbusiness%2Finternational-business%2Farticle-japans-seven-i-plans-to-open-500-new-convenience-stores-in-us-canada%2F&c=14456103995452072537&mkt=en-us

Author :

Publish date : 2024-12-17 18:08:00

Copyright for syndicated content belongs to the linked Source.

Exit mobile version