A 7-Eleven Heir’s $50 Billion Fight to Keep the Company in the Family

Published On Dec 18, 2024, 12:00 AM

The article discusses the conflict within Seven & i Holdings, the parent company of 7-Eleven, led by Junro Ito, a billionaire executive and son of the founder. Ito is attempting to revive his father's customer-focused corporate culture in the face of growing pressure from shareholders to prioritize profits. He has initiated management workshops based on Peter Drucker's philosophies to reorient the company's mission amidst calls for a multibillion-dollar takeover. This struggle highlights the tension between traditional family-run business models and modern shareholder-centric approaches in corporate governance.