7-Eleven owner confirms new takeover offer from Couche-Tard

As long as they don’t change the name to Tard and holdings

Does that mean, we will finally get slurpee machines?

if not, not interested.

Hopefully they don't mess with the products stocked as the Japanese 7/11s best the western ones hands down. Love the variety in the Japanese stores!

Comparison of convenience stores in Japan with those in "The West" always seems a little off the mark to me; like comparing chalk and cheese. I almost never use convenience stores in "The West" because it is a totally different shopping ecosystem with so many supermarkets open 24 hours - at least where I go - and their goods beats a convenience store hands down in quality and variety, from fresh bread to SIM cards. Hell, you can even get petrol at many supermarkets in "The West". Similarly, I don't need a convenience store to do many of the things I can do online in "The West"

I hope this negotiation collapses

Don't do it Japan..

The new owners will ruin everything..

Hopefully they don't mess with the products stocked as the Japanese 7/11s best the western ones hands down. Love the variety in the Japanese stores!

My local 7/11 (I don't know the degree to which they co-ordinate nationwide) just started stocking these wasabi/shoyu flavoured peanuts, which are outrageously good. If the Canadians take over, they'd better keep those, and not introduce maple syrup into the recipe.

I've worked for companies that have been bought by large Canadian Corps. It's mixed bag. The issue is a lot of time they've gotten used to Canada's regulations regime. It protects a lot of incumbents in a market. And the overall market is just smaller. My observation is companies that are number 1 in their segment are the worst. They can believe they know better when they really don't.

@TokyoLiving

Agreed 100 percent, a big mistake, don't do it.

Western companies may drive up profits, but they are horrible at customer service as everything will be evaluated based on RoI.

I would expect significant downgrade in customer service and product variety/quality upon this acquisition.

is it an lbo? that would be a disaster.

7-11 and circle k’s are dumps in the u.s.

*Western companies may drive up profits, but they are horrible at customer service as* everything will be evaluated based on RoI.

I would expect significant downgrade in customer service and product variety/quality upon this acquisition.

Businesses' main priorities are profits and ROI. Why wouldn't they be?

Circle K was bankrupt in the early 90's and bought by Couche Tard. It's now 2nd only to 7-11. Sounds like it underwent an upgrade and improved.

Funny a month ago I got down voted because I refuted someone that was commenting that Japan government blocked the takeover offer... if it was blocked then why they make a new offer with basically everything the same but with a larger price??... Those who commented that I was "wrong" and whatnot... I hope they read those articles and recognized their mistake.

On the other hand... 7&i should not sell to the Canadians... it will be the end of 7-eleven quality...

I just want the Seven & i Holdings company to make 7-Elevens in the US exactly like the Japan 7-Elevens with all the great Japanese prepared food and products. The 7-Elevens in the US are not good. 7-Elevens in Hawaii are a little better with prepared food, but still not even close to Japan 7-Elevens. Elevens in Japan are great.

When I am in Japan, I go to convenience stores (7-Eleven, Family Mart, Lawson, etc) at least once a day to get something. In the US, I never go to convenience stores. Lol.

Just FYI circle K is an infant compared to 7-11. The products and services offered by 7-11 is more advance and higher quality. The question is does 7&i want 7-11 to have a future or do they want the tards to bring it all down to circle k standards

CrashTestDummy -

I just want the Seven & i Holdings company to make 7-Elevens in the US exactly like the Japan 7-Elevens with all the great Japanese prepared food and products.

You are NOT going to get "Japanese prepared food" in US 7-11s, regardless of the corporation being Japanese, American or Canadian owned.

Best to get that idea out of your mind right now.

I suspect this takeover will ultimately happen.

The most important factor in these things is always MONEY - not "beloved egg sandwiches" that people get emotional over. Like it or not.

Businesses' main priorities are profits and ROI. Why wouldn't they be?

Circle K was bankrupt in the early 90's and bought by Couche Tard. It's now 2nd only to 7-11. Sounds like it underwent an upgrade and improved.

The RoI will only look at quarterly or at most 1 year.

What will happen will be massive downgrade of service level and product quality, and removal of CAPEX and other investments. This will result in degraded competitive advantage in the market which lead to closing of stores and rapid loss of market share 10 years down the road.

Everyone planning this will know that this will happen, but they will do it anyways, because if they do not maximize RoI for the quarter even at significant future risk, they won't be around the next quarter. The rules that most of these companies operate is that even if you significantly downgrade service or quality, the customer will not react fast enough to affect the next fiscal period results

Why NOT !?

If you want to talk about market monopoly you have come to the right place.

NTT accounts for 40% of the market share in Japan and not too long ago controlled the entire market. I remember the days when NTT was charging the general public 50,000 JPY just to get a phone number.

@Moonraker

Spot on.

I will stop going there. So will many Asians. Company will collapse before another handover.

This is the very example of a takeover that shouldn’t happen. An attempted takeover by a worse company. It’s just that the exchange rate and market valuation are too high for TARD. Don’t let this happen. Japan should be exporting its expertise and strengths not letting their prime examples of things that Japan do better be destroyed.

I really don’t understand why people making such a fuss about this.

wasnt 7-11 originally an American company? It’s like Burger King taking over McDonalds Japan. Who cares? It’s not like someone is trying to take over Toyota

And if you don’t like it, walk across the street to Family Mart, Lawson or Daily Yamazaki to buy your rice balls

I wonder if those who disagree that the shopping ecosystem in "The West" and convenience stores in Japan is very different have actually been out of the country (or their rooms) and seen this.

BackpackingNepal -

I will stop going there. So will many Asians. Company will collapse before another handover.

So dramatic. Get a grip.

I bet you shopped at 7-11 in 2005 and before when it was majority foreign owned.

"Asians" will continue shopping there.

daikakaToday  03:23 pm JST

Businesses' main priorities are profits and ROI. Why wouldn't they be?

Circle K was bankrupt in the early 90's and bought by Couche Tard. It's now 2nd only to 7-11. Sounds like it underwent an upgrade and improved.

The RoI will only look at quarterly or at most 1 year.

What will happen will be massive downgrade of service level and product quality, and removal of CAPEX and other investments. This will result in degraded competitive advantage in the market which lead to closing of stores and rapid loss of market share 10 years down the road.

Everyone planning this will know that this will happen, but they will do it anyways, because if they do not maximize RoI for the quarter even at significant future risk, they won't be around the next quarter. The rules that most of these companies operate is that even if you significantly downgrade service or quality, the customer will not react fast enough to affect the next fiscal period results

This many words aren't needed for a simple and basic business premise.

ROI is a constant and continual business operation evaluation.

Circle K was bankrupt and now it's in 2nd place behind 7-11. There is no evidence that Couche Tard's buyout of Circle resulted in lower profits or little to no ROI.

Please keep 7-Eleven Japanese.