7-Eleven convenience stores perfected their model in Japan, where diverse, fresh-food offerings attract locals and tourists alike. However, the company has struggled to replicate its success abroad, particularly in the US.
Now a new player believes it can do a better job at creating a global convenience store empire. Canadian company Couche-Tard, owner of Circle K stores, has made an unsolicited bid to buy Seven & i Holdings, the parent of 7-Eleven.
The deal would be the biggest foreign takeover of a Japanese company in history. But residual resistance to foreign corporations and 7-Eleven’s place in modern Japanese culture could make the deal a hard sell.
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Scooped by
Graham Watson
onto IB Business Management May 30, 5:27 AM
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This Bloomberg clip looks at how cultural differences have meant that while 7-Eleven has a really successful business model in Japan, isn't hasn't worked as well elsewhere, not least the US.
This year has seen a takeover bid for Seven & i Holdings, the owner of 7-Eleven, from a Canadian company, Couche-Tard, owner of Circle K stores, which seems to want to try and create a global convenience store. This clip looks at how the Japanese model has proved successful and why its proved difficult to replicate.