Seven & I Holdings
 | This article needs to be updated. (September 2016) |
 | |
Native name | 株式会社セブン&アイ・ホールディングス |
|---|---|
Romanized name | Kabushiki-gaisha Sebun ando Ai Hōrudingusu |
| Company type | Public (K.K.) |
| TYO: 3382 TOPIX Core 30 Component | |
| Industry | Retailing |
| Founded | September 1, 2005 (from merger) |
| Headquarters | 8-8, Nibancho, Chiyoda, Tokyo, Japan |
Key people | Ryuichi Isaka, President |
| Services | Department stores, Superstores, Supermarkets, Convenience stores, Restaurants, Financial services |
| Revenue |  ¥4.786 trillion (2012) |
 ¥292.06 billion (2012) | |
| ¥129.83 billion (2012) | |
| Total assets | ¥3.889 trillion (2012) |
| Total equity | ¥1.860 trillion (2012) |
Number of employees | 55,011 (2013) |
| Subsidiaries | Seven-Eleven Ito-Yokado Sogo & Seibu Seven Bank |
| 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] Seven & I was founded in 1920 as Ito-Yokado, and is the fifth largest retailer in the world as of 2008,[2] with 54,000 stores in approximately 100 countries.
History
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.[3]
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]
On June 11, 2012, Seven & I, through its 7-Eleven, Inc. subsidiary, acquired 23 convenience stores in the US from Strasburger Enterprises, Inc.[5]
On December 4, 2013, Seven & I purchased 44.99% ownership of Barneys Japan Co., Ltd. from "a fund operated by Tokio Marine Capital".[6] Barneys Japan "has a network of 10 stores in Japan, including five outlet stores" and, "for the year ending February 2013, Barneys Japan posted sales of ¥19.52 billion."[6] After this transaction, Sumitomo Corporation will continue to retain a majority stake of 50.01% in Barneys Japan Co., Ltd.[6]
On January 29, 2014, Seven & I, through its subsidiary Seven & i Net Media, acquired 50.71% of Nissen Holdings, which is engaged in the mail order sale of clothing and daily necessities, the retail and wholesale of gift products through stores, catalogs, Internet and mobiles. Also, Nissen is involved in the life insurance, casualty insurance agency, credit card and money lending business.[7][8]
On April 6, 2017 Seven & I announced they would be acquiring 1110 convenience stores from American gas company Sunoco for $3.3 billion, as well as that they would be supplied 2.2 billion gallons of fuel annually from Sunoco for 15 years.[9] Sunoco said they would be selling 200 more stores to Seven & I in Q4, 2017.[10]
The current President of Seven & I Holdings, Ryuichi Isaka, was appointed to that position on May 26, 2016, replacing Noritoshi Murata, who resigned his position along with Chief Executive and Chairman Toshifumi Suzuki in April 2016,[11] after activist investor Daniel Loeb, who owns an undisclosed stake in Seven & I through his investment company Third Point, raised concerns about rumours that Suzuki was grooming his son, Yasuhiro Suzuki, as his successor.[12]
Subsidiaries
- 7-Eleven Japan (based in Japan)
- SEJ Finance and SEJ Service holding companies (based in Delaware)
- 7-Eleven (based in the United States and Australia)
- SEJ Finance and SEJ Service holding companies (based in Delaware)
- Ito-Yokado
- Seven Bank
- Sogo & Seibu
- Seven & i Net Media [13]
References
- ^ "Office Map." Seven & i Holdings. Retrieved on January 13, 2009.
- ^ “Planet Retail reveals latest retailer rankings”, Planet Retail, July 28, 2008. Archived October 5, 2008, at the Wayback Machine
- ^ "2005 - Company - Seven & i Holdings Co". 7andi.com. Retrieved 19 May 2015.
- ^ "7-Eleven Parent Company Buys White Hen Pantry". The New York Times Company. August 11, 2006. Archived from the original on August 11, 2012. Retrieved August 11, 2012.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ "Seven & I Holdings : Notice Regarding the Acquisition of Stores from Strasburger Enterprises, Inc". 4-Traders. 2012-06-15. Archived from the original on August 29, 2012. Retrieved August 29, 2012.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ a b c Kaiser, Amanda (December 4, 2013). "Seven & i Buys Stake in Barneys Japan". WWD. Retrieved December 4, 2013.
- ^ "Nissen Holdings Co. Ltd. announces results of takeover bid launched by subsidiary of Seven & I Holdings Co. Ltd". Reuters. Retrieved March 6, 2014.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Nissen Holdings company profile". Reuters. Retrieved March 6, 2014.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Sunoco to sell 1,110 U.S. stores to 7-Eleven operator for $3.3 billion". Reuters. 2017-04-06. Retrieved 2017-04-06.
- ^ Soble, Jonathan (2017-04-06). "7-Eleven's Parent Will Buy Sunoco's Convenience Stores". The New York Times. ISSN 0362-4331. Retrieved 2017-04-06.
- ^ "Seven & i set to appoint Isaka next president as management shakeup continues". The Mainichi. Retrieved December 25, 2016.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Seven & i's 83-year-old CEO quits after board rejects his proposal". Reuters. Retrieved December 25, 2016.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Seven & i Net Media company profile". Businessweek. Retrieved March 6, 2014.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Seven & I to buy Net retailer Nissen". The Japan Times. Retrieved March 6, 2014.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help) - ^ "Nissen Holdings company profile". Nissen Holdings. Archived from the original on March 6, 2014. Retrieved March 6, 2014.
{{cite web}}: Italic or bold markup not allowed in:|publisher=(help); Unknown parameter|deadurl=ignored (|url-status=suggested) (help)
External links
- Seven & I Holdings Annual Report 2011 PDF
- Seven & I Holdings Corporate Outline 2011 PDF
- Template:En icon Seven & I Holdings Co., Ltd.
- Seven & I Major Subsidiaries and Affiliates
