Japan's Seven & i announces restructuring, new CEO to fend off $47 billion takeover bid
Seven & i Holdings , the Japanese operator of the 7-Eleven convenience store chain, appointed its first foreign CEO and handed him the task of overhauling its business to fend off a $47 billion overseas takeover bid and engineer a recovery.
CEO Ryuichi Isaka will step down from May 27, with lead outside director Stephen Dacus taking up the role on the same day.
The moves are part of the 7-Eleven chain operator’s plans to fend off a $47 billion takeover bid from Alimentation ...
Eleven, plans a North American IPO by late 2026 while appointing its first non-Japanese CEO and selling its superstore ...
Ever since a Canadian suitor came along with a takeover proposal, the owner of 7-Eleven has been grappling with two seemingly ...
The company also announced a share buyback of 2 trillion yen ($13.2 billion) and plans to list its North American subsidiary, ...
Lead outside director Stephen Dacus will likely succeed Ryuichi Isaka as chief executive at Seven & i, sources have told ...
Seven & i to name Stephen Dacus as new CEO and announce restructuring plan, including a $13.4 billion buyback and asset sales ...
Retail giant Seven & i Holdings has announced it will replace its president Isaka Ryuichi with an outside director.
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