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They are defending themselves against Canadians. New idea of owner7-Eleven

Bronią się przed Kanadyjczykami. Nowy pomysł właściciela 7-Eleven

Japanese family Ito, to which owns holding Seven & I, which part is 7-Eleven, wants to use the capital of the American fund Apollo Global Management and the owner of its Japanese familyMart, to prevent the potential takeover by Canadian power Couche-Tard.

The need 55 million euros. What further from 7-Eleven

Apollo Global Management has expressed willingness to make a contribution of 1.5 billion yen (9,1 billion euros), when Itochu of Familymart would invest over a billion yen (6 billion euros). The sum needed for the complete buyout is estimated at 9 billion yen (55 billion euro) and are supported by the biggest Japanese banks – reports retaildetail.eu for “The Japan Times”.

This strategic position is a response to not arousing enthusiasm  offer by Canadian company Couche-Tard from last year, which caused serious concern in Seven & I. The Management assesses today both proposals and notes, that many details require further clarification. At the same time Seven & I are working on a

restructuring plan to separate profitable activities in the range of multi-branch stores from weaker

segments retail.

Largest franchise network is affecting

inflation

Read more

Largest franchise network is feeling the effects of inflation

As wrote earlier, the family It was also considering the option of management buyout. Such a move would enable the group to continue operating under the current management and remove the pressure related to sell unprofitable assets. Some analysts have also suggested that this may be a strategy to force a higher offer from ACT.

In the lastquarterprofitoperating Seven&andHoldingsdroppedbyonequarter,notmeetinganalysts’forecasts.Asexplainsthe company,inflationhasaffectedconsumerspendinginJapanandNorth America.

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