Thread: Sunoco (US) is selling 1,110 convenience stores to 7-Eleven (Japan) $3.3-Billion deal

Sunoco is selling most convenience stores to 7-Eleven in a $3.3-billion deal

Associated Press

Sunoco is selling most of its convenience stores to 7-Eleven in a deal valued at $3.3 billion as it looks to focus more on its fuel supply business.

7-Eleven Inc. will get about 1,110 convenience stores, mostly along the East Coast and in Texas. Approximately 200 convenience stores in Texas, New Mexico and Oklahoma will be sold separately.

The transaction also includes fuel, merchandise and other inventories. It does not include Sunoco's APlus franchisee-run stores or its Aloha Petroleum unit in Hawaii.

As part of the deal, Sunoco LP will have a 15-year take-or-pay fuel supply agreement with a 7-Eleven subsidiary, under which Sunoco will supply approximately 2.2 billion gallons of fuel a year.

The sale, announced Thursday, is expected to close by the fourth quarter.

http://www.latimes.com/business/la-f...406-story.html

WHO OWNS 7-ELEVEN?

Seven & I Holdings Co.

From Wikipedia

Type	Public
Traded as	TYO: 3382
Industry	Retailing
Founded	September 1, 2005 (2005-09-01) (from merger)
Headquarters	8-8, Nibancho, Chiyoda, Tokyo, Japan
Key people	Toshifumi Suzuki, CEO Noritoshi Murata, President
Services	Department stores, Superstores, Supermarkets, Convenience stores, Restaurants, Financial services
Revenue	¥4.786 trillion (2012)
Operating income	¥292.06 billion (2012)
Net income	¥129.83 billion (2012)
Total assets	¥3.889 trillion (2012)
Total equity	¥1.860 trillion (2012)
Employees	52,692 (2012)
Subsidiaries	Seven-Eleven Japan Co., Ltd. 7-Eleven, Inc. Seven-Eleven (Hawaii), Inc. Seven-Eleven (Beijing) Co., Ltd. Ito Yokado Co., Ltd. Sogo & Seibu Co., Ltd. Seven Bank, Ltd.
Website	www.7andi.com

Seven & I Holdings Co., Ltd. (株式会社セブン&アイ・ホールディングス, Kabushiki-gaisha Sebun ando Ai　Hōrudingusu^?, Seven-i (セブンアイ)) is a Japanese diversified retail group headquartered in Nibancho, Chiyoda, Tokyo, Japan.^[1] Founded originally in 1920 as Ito-Yokado, Seven & I is now the fifth largest retailer in the world,^[2] with 35,000 stores in approximately 100 countries.
History[edit]

Seven & I Holdings was established on September 1, 2005 as the parent company of the 7-Eleven Japan chain of convenience stores, the Ito-Yokado grocery and clothing stores, and the Denny's Japan family restaurants.

In November 2005, it completed the purchase of US-based 7-Eleven Inc.

On December 26, 2005, the company announced its acquisition of Millennium Retailing holding company, parent of the Sogo and Seibu Department Stores chains. The acquisition makes Seven & I Holdings the largest distribution and retailing business in Japan.

On August 11, 2006, Seven & I purchased Lombard, Illinois-based White Hen.^[4]

In July 2007, the group announced the enlargement of their American chain 7-Eleven. They proposed an additional 1000 stores in a $2.4 billion plan that would see their US operation grow to over 7,000 stores. The target was set to achieve $10 billion in sales in the US by 2010.

On June 11, 2012, Seven & I, through its 7-Eleven, Inc. subsidiary, acquired 23 convenience stores in the US from Strasburger Enterprises, Inc.^[5]
Subsidiaries[edit]

• 7-Eleven
• Ito-Yokado
• Seven Bank
• Sogo & Seibu

http://en.wikipedia.org/wiki/Seven_%26_I_Holdings_Co.

World's Largest Convenience Retailer

What started out as an ice house in Dallas, Texas, back in 1927 has grown and evolved into the world’s largest operator, franchisor and licensor of convenience stores.

The company operates, franchises and licenses approximately 10,700 convenience stores in North America. Of the close to 8,500 stores the company operates and franchises in the United States, more than 6,700 are franchised.

Outside of the U.S. and Canada, there are more than 60,000 7‑Eleven and other convenience stores in Japan, Taiwan, Thailand, South Korea, China, Malaysia, Mexico, Singapore, Australia, the Philippines, Indonesia, Norway, Sweden, Denmark and United Arab Emirates. 7‑Eleven has announced plans to open stores in Vietnam.

7‑Eleven is the world’s largest convenience store chain operating, franchising and licensing stores in 18 countries. Approximately 10,700 of the 60,000 7‑Eleven stores worldwide are in North America.

http://corp.7-eleven.com/corp-BAK/about

The American garage sale is definitely open for business.

Now you and I can continue to subsidize the immigrants legal and illegal, they hire to run these places. The only difference is we will now be doing it for a Japanese corporation.

This makes so much sense.

7-Eleven: Fourth-Largest Seller of Coffee in U.S.

6/20/2013

7-Eleven deploying immigration inspectors