Seven & I Holdings Co.
Seven & I Holdings Co., Ltd. is a corporation in Japan. Formed on September 1, 2005 as the parent company of the 7-Eleven Japan chain of convenience stores, the Ito Yokado grocery and clothing stores, and the Denny's Japan family restaurants. It was formed by Ito-Yokado, 7-Eleven's primary Japanese franchisee, for the purpose of merging with 7-Eleven itself. In November it completed the purchase of US-based 7-Eleven Inc. On December 26, 2005, the company announced its acquisition of Millennium Retailing holding company, parent of the Sogo and Seibu Department Stores chains. The acquisition makes Seven & I Holdings the largest distribution and retailing business in Japan. Its headquarters are in Niban-cho, Chiyoda, Tokyo.
Seven & I Holdings is the main component of the IY Group.
On 11 August 2006, Seven & I Holdings Co. negotiated the purchase of Lombard, Illinois-based White Hen, Inc.
In July 2007 the group announced the enlargement of their American chain 7-Eleven. They proposed an additional 1000 stores in a $2.4 billion plan that would see their US operation grow to over 7,000 stores. The target was set to achieve $10 billion sales in the US by 2010.
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Seven & I Holdings Co., Ltd.
Ward 49 of the City of Chicago includes most of Rogers Park and parts of West Ridge.
Showing posts with label 7-Eleven Inc.. Show all posts
Showing posts with label 7-Eleven Inc.. Show all posts
Monday, December 10, 2007
7-Eleven acquires Chicago-based White Hen chain
7-Eleven acquires Chicago-based White Hen chain
August 11, 2006
WHP Holdings Corp., the parent company of White Hen Pantry, has been acquired by Tokyo based Seven & I Holdings Co. for $35 million from New York investment firm, Angelo, Gordon & Co. White Hen has previously declared bankruptcy. Seven & I is the owner and operator of the 7-Eleven convenience store chain. This is the largest buyout for the 7-Eleven brand in two decades and signals a continuance of the expansion Seven & I has pursued in recent years.
"This acquisition is a strategic fit for 7-Eleven and enhances market presence in the Chicagoland area," said 7-Eleven Inc. President and Chief Executive Joseph DePinto. The addition of White Hen stores will allow the company to increase their presence in greater Boston (55 stores) and metropolitan Chicago (206 stores) bringing their North American store count to over 7,100.
Sources
"7-Eleven agrees to acquire convenience store chain". The Boston Globe, August 11, 2006
"Seven & I buys U.S. convenience store White Hen". Reuters, August 11, 2006
"7-Eleven runs out and buys 261-store White Hen chain". Chicago Tribune, August 11, 2006
Press Release: "Notice concerning the acquisition of the stock of WHP Holdings Corporation". Seven & I Holdings Co., August 10, 2006
August 11, 2006
WHP Holdings Corp., the parent company of White Hen Pantry, has been acquired by Tokyo based Seven & I Holdings Co. for $35 million from New York investment firm, Angelo, Gordon & Co. White Hen has previously declared bankruptcy. Seven & I is the owner and operator of the 7-Eleven convenience store chain. This is the largest buyout for the 7-Eleven brand in two decades and signals a continuance of the expansion Seven & I has pursued in recent years.
"This acquisition is a strategic fit for 7-Eleven and enhances market presence in the Chicagoland area," said 7-Eleven Inc. President and Chief Executive Joseph DePinto. The addition of White Hen stores will allow the company to increase their presence in greater Boston (55 stores) and metropolitan Chicago (206 stores) bringing their North American store count to over 7,100.
Sources
"7-Eleven agrees to acquire convenience store chain". The Boston Globe, August 11, 2006
"Seven & I buys U.S. convenience store White Hen". Reuters, August 11, 2006
"7-Eleven runs out and buys 261-store White Hen chain". Chicago Tribune, August 11, 2006
Press Release: "Notice concerning the acquisition of the stock of WHP Holdings Corporation". Seven & I Holdings Co., August 10, 2006
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