Irving-based 7-Eleven International has completed its A$1.71 billion ($1.11 billion U.S.) acquisition of 7-Eleven Australia convenience stores in a deal the companies agreed to in November.
With the closing, 7-Eleven International adds more than 750 stores in Australia to its portfolio.
“We’re thrilled to become one team and create stronger synergy with 7-Eleven Australia,” Ken Wakabayashi, president and CEO of 7-Eleven International, said in a statement. “For nearly 50 years, the 7-Eleven Australia team has built the legacy of the brand as a top choice for convenience. Together, we can enhance customer experience in the store.”
The companies identified opportunities to transform 7-Eleven Australia’s merchandise and fuel offer, expand product assortment, and introduce new high-quality fresh foods.
“It’s about continuing to grow our store network in Australia and providing unrivaled customer experiences and quality products,” said Angus McKay, 7-Eleven Australia CEO and Managing Director. “My team and I are looking forward to taking advantage of 7-Eleven International’s deep experience in convenience retailing with the leadership of Executive Chairman Shin Abe.”
More on the global brand
The company said the transition of ownership will further Seven & i Holdings’ commitment to global growth and enhancing the 7-Eleven brand.
7-Eleven International LLC is a joint venture of 7-Eleven Inc. and Seven-Eleven Japan Co. Ltd., which are owned by the Tokyo-based holding company Seven & i Holdings Co. Ltd. Globally, the 7-Eleven trademark is represented in over 84,000 stores in 20 countries and regions.
Seven & i acquired 7-Eleven Inc. in 2005 via a public tender offer.
7-Eleven International operates or master franchises around 48,000 stores in 16 countries and regions. 7-Eleven Inc. operates, franchises and/or licenses more than 15,000 stores in the U.S., Canada, and Mexico.
Seven-Eleven Japan Co. Ltd. operates and franchises more than 21,000 stores in Japan. The iconic brand will celebrate its 100th anniversary in 2027. Seven & i Holdings Co. Ltd., headquartered in Chiyoda, Tokyo, is a Japanese diversified retail holding company listed on the Tokyo Stock Exchange Prime Market (3382).
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