Browsing: takeover bid

Japan’s Seven & i Holdings has announced a major restructuring plan and the appointment of a new CEO as it aims to counter a $47 billion takeover bid. The move reflects the company’s strategy to enhance competitiveness in a challenging retail landscape.

In response to a $47 billion takeover bid, 7-Eleven’s Japanese parent company, Seven & I Holdings, has appointed an American CEO. This strategic move aims to strengthen the company’s position and navigate the complexities of a potential acquisition.