7-Eleven eyes global expansion amid restructuring and acquisitions.
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Japanese conglomerate Seven & I Holdings is set to expand its 7-Eleven chain significantly, targeting new markets in Europe, Latin America, the Middle East, and Africa as part of a broad restructuring plan. By 2030, the company aims to operate approximately 100,000 stores worldwide, a nearly 18% increase, and expand its presence from 20 to 30 countries.
This aggressive growth strategy follows the divestiture of underperforming supermarket assets and the exit from non-core businesses, including apparel and department stores. The strategic pivot, fueled by acquisitions worth over $2 billion in Australia and the U.S., has received backing from critical investors like ValueAct Capital, endorsing the company’s new direction.