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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00:00 Introduction
01:07 History
01:41 Global expansion
02:36 Supply chain in Japan
03:10 Struggles in the US
04:42 Company structure
05:23 Couche-Tard takeover
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