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Japan's Seven & I To Issue Around 1 Trln Yen Worth Of Dollar-Denominated Bonds To Help Fund Speedway Acquisition - Nikkei
7-Eleven Inc Buys Speedway From Marathon Petroleum
Marathon Petroleum Corp Announces Agreement For $21 Billion Sale Of Speedway
Seven & i Holdings Co., Ltd. is a Japan-based holding company engaged in the distribution business. The Company provides convenience stores, general supermarkets, department stores, restaurants, banks, IT services. The Company operates in seven business segments. Domestic Convenience Store segments operates convenience store businesses based on direct management and franchise systems, such as the operation of 7-Eleven stores in Japan. Overseas Convenience Store segment operates convenience stores, such as 7-Eleven overseas. Superstore segment is a retail business that provides food, daily necessities and other items necessary for daily life. Department Store segment conducts retail business. Finance-Related segment is involved in the banking, credit card business and leasing business. Specialty Store segment operates a retail business that provides specialized and distinctive products and services. Others segment is involved in the real estate business.
President, Executive President, Representative Director
Executive Officer, Chief Director of Finance & Accounting, President of Subsidiaries, Director
Joseph Michael DePinto
President & Chief Executive Officer of Subsidiary, Director
President of Subsidiary, Director
Executive Vice President, Vice President, Representative Director
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Japan's Seven & i Holdings lifted its outlook for the year amid signs of a recovery from the coronavirus pandemic, even as its 7-Eleven stores grapple with weak spending, high labour costs and pressure to ease their 24-hour opening policy.
The Japanese owner of 7-Eleven convenience stores has agreed to buy Marathon Petroleum Corp's <MPC.N> Speedway gas stations for $21 billion, brushing aside coronavirus concerns to return to the table five months after initially baulking at the deal.
U.S. oil refiner Marathon Petroleum Corp posted a smaller-than-expected quarterly loss on Monday, hours after announcing a big financial boost from the $21 billion sale of its Speedway gas stations to Japan's Seven & i <3382.T>.
Canadian convenience store operator Alimentation Couche-Tard Inc <ATDb.TO>, Japanese peer Seven & i Holdings Co <3382.T> and private equity firm TDR Capital are preparing to submit rival bids this week for Marathon Petroleum Corp's <MPC.N> gas station network Speedway, according...
Japanese retail group Seven & i Holdings Co reported a 3% rise in annual operating profit, but held off presenting an outlook for the coming year as it assesses the impact of the coronavirus outbreak.
Japanese retail group Seven & i Holdings Co reported a 3% rise in annual operating profit.
Japanese retail group Seven & i Holdings <3382.T> has abandoned a bid for Marathon Petroleum Corp's <MPC.N> Speedway gas stations in the United States after balking at the price, which media reports had put at $22 billion, a source said on Monday.
Japan's Seven & i Holdings has decided to abandon its proposed $22 billion acquisition of Marathon Petroleum Corp's Speedway gas stations in the United States, a person familiar with the matter told Reuters.
Japanese retail group Seven & i Holdings Co <3382.T> said on Thursday it is considering acquisitions after reports that it was in talks to buy Marathon Petroleum Corp's <MPC.N> Speedway gas stations for $22 billion.
Seven & i Holdings Co is considering acquisitions but nothing has been decided, the Japanese retail group said on Thursday, following reports that it was in talks to buy Marathon Petroleum Corp's Speedway gas stations.
Japanese retailer Seven & i Holdings, already under nationwide scrutiny over labour issues, said on Tuesday company executives would address claims about employee underpayment at its 7-Eleven convenience store chain.
Japanese shares rose to their highest level in over a week on Friday as the safe-haven yen eased on hopes of progress in U.S.-China trade talks.
The Nikkei's benchmark index struck its highest in over a week on Friday as the safe-haven yen eased on hopes of progress in U.S.-China trade talks, and Seven & I Holdings, Japan's largest convenience store operator, gained sharply on restructuring plans.
Shares of Japan's Seven & I Holdings Co <3382.T> rose nearly 6% on Friday after the retail group said it will shut or relocate nearly 1,000 7-Eleven convenience stores and cut about 3,000 jobs as part of a group-wide restructuring.
Japan's biggest retail group Seven & I Holdings Co Ltd said it is replacing the head of its 7-Eleven convenience store business, amid pressure to abandon its 24-hour store policy due to a shortage of workers.
Japanese retail group Seven & i Holdings Co on Thursday forecast a weaker-than-expected rise in operating profit for the current fiscal year, citing sluggish consumer spending.
Japan's biggest retail group Seven & i Holdings said it was replacing the head of its 7-Eleven convenience store business, amid pressure to abandon its 24-hour store policy due to a shortage of workers.
Japanese retail group Seven & i Holdings Co Ltd said on Thursday operating profit rose 2.7 percent year-on-year in the three months through May, bolstered by strong sales at its overseas convenience stores.
Japan's Seven & i Holdings Co Ltd <3382.T> said on Thursday it expects operating profit to rise 6 percent in the year through February to reach a record high, as its U.S. convenience store business helps offset cooling sales at home.
* Says it signs business alliance agreement with Seven & I Holdings Co on April 5
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