7-Eleven Founding Family’s Bid to Block Foreign Takeover Collapses

Published On Feb 27, 2025, 12:31 AM

The founding family of Seven & i Holdings, which operates 7-Eleven, has failed to secure funding for a buyout bid exceeding $50 billion aimed at countering a takeover attempt from Canadian retailer Alimentation Couche-Tard. This development has led to a significant drop in Seven & i's stock prices, which fell 11% following the news. The situation exemplifies the challenges of foreign acquisitions in Japan, where corporate interests often resist such moves, despite ongoing discussions about the necessity for Japanese firms to become more open to investments that might benefit shareholders.