Some 7-Eleven owners in Japan welcome foreign bid, hoping for change

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TOKYO :As much as Jun Nagao doesn't like the idea of foreigners scooping up Japanese companies, the former 7-Eleven franchise owner thinks a takeover would bring welcome change to the retail giant where he spent decades.

In the five years to mid-August, just before the bid was unveiled, its shares rose 60 per cent including dividends while the benchmark Nikkei index more than doubled.Japan and the U.S.account for around two-fifths of the 85,000 7-Eleven stores worldwide.

Seven & i does not disclose the number of owners, and almost all of those who spoke to Reuters declined to be identified in order to speak openly.

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Article Details

Category: EconomyBusiness

Markets: SingaporeCanadaJapan

Topics: Owner Cent Store Japan 7-eleven Reuters Company Couche-tard Seven Owners

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 07:03:13 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 1054 words

Reading Time: 6 minutes read

Sentences: 48 lines

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Copyright Owner: © Channel News Asia

News ID: 22721122

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