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The recent acquisition bid for 7-Eleven by a Canadian suitor has rocked Japan, where a local giant has never before been purchased by a foreign entity.
Historically, Japanese corporations have been more inclined to acquire international businesses rather than be bought out themselves.
Boasting 85,000 stores across 20 nations, 7-Eleven’s reputation for affordable yet delectable meals has made it a standout player in countries like Japan and Thailand.
The CEO proudly noted, “We surpass McDonald’s and Starbucks in store count,” highlighting their massive presence in the market.
Approximately a quarter of 7-Eleven’s stores are in Japan, with around 10,000 operating in the United States.
Dominating the Market
In contrast, the Quebec-based Alimentation Couche-Tard, with its Circle K chain, boasts nearly 17,000 outlets in over 30 territories.
This move has positioned Seven & i’s value over $30 billion, signaling a significant shift in market dynamics.
Although the offer is in early stages, the deal faces scrutiny from competition regulators due to its potential impact.
Vocabulary List:
- Acquisition /ˌæk.wɪˈzɪʃ.ən/ (noun): The act of obtaining or gaining possession usually referring to a business takeover.
- Corporation /ˌkɔːr.pəˈreɪ.ʃən/ (noun): A large company or group of companies authorized to act as a single entity.
- Dynamics /daɪˈnæm.ɪks/ (noun): The forces or properties that stimulate growth development or change within a system or process.
- Scrutiny /ˈskruː.tɪ.ni/ (noun): Critical observation or examination.
- Inclined /ɪnˈklaɪnd/ (adjective): Having a tendency to do something; disposed.
- Status /ˈsteɪ.təs/ (noun): The relative social professional or other standing of someone or something.
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