7-Eleven Owner Gets $31 Billion Buyout Offer

Diana Rosero Pena, Bloomberg Intelligence consumer staples analyst, joins Bloomberg Intelligence breaking down the recent developments into one of the largest possibly M&A deals out of Japan.
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[@chrisaycock5965]

I would prefer 7-11 to be owned by a Japanese company.. the stores in Japan are so much better they want to roll it out here.

[@nbaoldgirl]

Agreed

[@hamburgersmmmmmm]

Yep

[@ya472]

@chrisaycock5965 CT has become large because unlike many USA companies, they are not predatory. Meaning, CT does not buy companies to squeeze every penny from it, they reinvest for profitability.

[@levelintent]

According to the lady in the video, 711 and Speedway are already owned by Japanese companies...

[@hamburgersmmmmmm]

@@levelintent and if circle k bought it, it wouldn't be.

[@HKim0072]

Some things are more important than a quick gain. 7-11 is a great Japanese success story. Hope it stays in the hands of Japanese management.

[@jessieb3866]

@@HKim0072 it’s originally American

[@HKim0072]

@@jessieb3866 lol, I'm well aware of the 7-11's history and the Japanese saving the USA division from bankruptcy.

[@Dangic23]

7/11 in the US will never be as good as in Japan. Mainly because of the people.

[@user-ep2es1mp5r]

@@Dangic23 this is just an aweful statement. I have been to 7 elevens in multiple countries including USA and Japan. Very few are alike since they target the local customer.

[@Dangic23]

@@user-ep2es1mp5r It’s a factual statement. I’m from the US and have lived in S. Korea and Japan also. Our folks in the US are not as civilized as the rest of the developed countries and it shows even on small things like a 7/11 comparison of each place.

[@kevlee80rudals]

@@user-ep2es1mp5rI’ve seen how Americans treat service people. Sit down.

[@jeet-Seattle]

@@Dangic23 what are you trying to say? What's wrong with people who own them?

[@MrTidx90]

@@Dangic23 From the US. Been to Japan a few times and I completely agree with you. Family Mart chicken is also bomb. If you know you know.

[@captainbanana1831]

Please please please don’t take it 7-Eleven in Japan. It’s so much better.

[@anotheran]

It’s crazy because 711 US was planning to model its operations like their japanese operators but circle k is going to buy out the Japanese operator so 711 can’t improve their US operations.

[@testing6753]

damn that's some business move

[@jorgecorea405]

Correct when 7-11 became Japanese it revolutionize the concept that you can have real food in a convenience store plus other real convenience like bills payment, pick up, mailing, banking

[@nbaoldgirl]

Yeah I was excited for the improvements but sigh…

[@fightsports66]

I don’t know about other countries regulators but the Japanese government is very likely to object to a takeover of Seven & i, whose C-stores or konbini, are integral to Japanese daily life. Seven & i’s 21,000 C-stores in Japan provide basic banking and other services that make them essential to small towns. They also provide food and water supplies in emergencies, such as earthquakes.

[@user-fb6hy2eh5y]

I can see buying out US market but not a full buyout. They are successful in Asia market. American 7-11s are such a downgrade compared to Asia market, it feels like it impairs the brand.

[@Haruzak1]

Everything is downgraded in USA

[@iMadrid11]

The Philippines is part of Asia. Our 7-11 is not great. Some stores don’t even have Slurpee machines. We don’t get that great food they have in Japan.

[@1966johnnywayne]

"Explain to me this convenience store business...what's the economics?" ...Ummm, the fact that customers are in and out in a fraction of the time that they would be in a larger grocery store, or Walmart. Also, the high number of locations available on main routes and at intersections as opposed to driving a distance to the grocery store or Walmart ...You know, CONVENIENCE. This clown trying sound intelligent questioning the obvious.

[@phoenix5054]

It’s an open-ended question though. The other person might interpret the “economic” of it as the future of convenience store. In other places, convenience stores are linked to fintech for the unbanked (cash withdrawals and deposits), hence one could see it possibly as a fintech play for developing countries. So many possibilities here.

[@1966johnnywayne]

@@phoenix5054 Sure...however, he then goes on to say that he sees "people going in and out all the time" as though it's some kind of great mystery. Don't over analyze this clown's comments.

[@goblins2k5]

Don't forget addictive substances too. Nicotine, alcohol, lottery, coffee, energy drinks, candy, gum, etc. All these simple addictive products create regular customers for convenience stores. Even stores without gas stations attached make good money off addiction-relatd products.

[@ltcmoose2001]

In my area of Florida, we would have no competition because circle k and 7-11 are the major players. Our gas prices would be even higher than they are now due to the fact that we have little or no independent gas stations. This deal is great for investors but bad for the customer.

[@HKim0072]

It’s one of the things that rarely gets discussed about inflation. Lack of competition is an inflation driver. Less mergers and more competition is needed.

[@Crux161]

_“couche-tard”_ (cōō-|séh|-tarh) literally means “late sleeper” - more poetically translated as *”night owl”* in English. The ‘d’ in the French word “tard” is _silent_

[@jbranche8024]

7 11 in Thailand is better in someways than in US. Prices are competitive to grocery chains, the variety, freshness, quality and availability(in stock) are high. 7 11 Thailand offers delivery at No or very low cost. People use 7 11 like a Grocery for buying certain items. 7 11 Thailand is operated by CP All, CP is a very large food type producer, supplier in Thailand

[@cancel.lgbtq.6892]

7/11 is a big deal in Asia.

[@user-en2fl9fs9j]

I remember paying 25 cent for candy bars or M&Ms when I was a kid. So you know I’m old.

[@TheBooban]

American franchises are often very regional. Which is strange. They don’t compete. Dividing up the market perhaps?

[@JoeKyser]

@TheBooban Well if you had multiple stores under different brands, would you compete with yourself or grow one strong brand in that region?

[@TheBooban]

@@JoeKyser I don't know which brands of the same company you are referring to, but I would mean when that's not the case.

[@SgtJoeSmith]

@@TheBooban they are probably talking about checkers/rallys or hardees/Carl Jr. Kum and go got bought by a company that

[@SgtJoeSmith]

​@TheBooban it's a logistics issue. For resupplying them. They typically have 1 distribution center so it's a matter of how far can a truck go in 1 day to restock x # of locations with unload time at each included. It takes a lot of money, distribution centers and trucks and employees to be national like walmart.

[@sonrt2107]

I love the stores in Japan, they not great in US. I visited twice and would go there for a quick pick up.

[@speed6725]

Wawa is also in Florida

[@danzingcat5949]

It would be the end of 7-11, vulture investors are ruining everything

[@kodaiflow2]

When Matt was a kid he was filling up a Vespa. I remember.

[@TheeRomantic]

That honestly sounds cheap

[@mr.g1683]

HELLO FYI Wawa has already for the past several years enter the market in Florida and being prefer over Racetrack, BP, etc. Get out of your circle of friends and see, hear with your own pre unbias what else is occurring. Plus when I had visit south east Asia I seen several nations with 7-11 and they offred huge selection of products that many like from the locals to the Americans visiting.

[@masonite1973]

couche-tard lol 😂

[@louist003]

Buc-ee's baby!!!! Coming to AZ finally.

[@narutocoolh]

I hope they don't we need more competition not less.

[@njt002]

Wawa forever!!!

[@Mrbutters03]

7 eleven in the Us? Let's go steal some chips 😂😂

[@andyv8889]

Is JD Vance an early investor in Couchtard?😂 jk

[@Rob-ou1py]

I wonder if he pumped the stock.

[@andyv8889]

@@Rob-ou1py while listening to Shakira Hips Don’t Lie

[@jcchaconjr]

Convenience stores live off the margins of items that are in the store... a $2.50 Twix bar costs $1.60 in a supermarket... hence the word, "convenience".

[@raymondcaylor6292]

Here's a voice that's perfect for print media.

[@imom007]

No, Circle K is not good. Buckees should buy them.

[@Mwoods2272]

Circle K and Am/Pm used to have stores in Japan but they got buyout.

[@8Distroyed8]

Although 711 in Asia are better in terms of products, sales and safety with customers and staff, the US, CAN & MEX are a mess lots of fights, robberies and homeless hanging out in there.. it’s just a s***show. I could see Seven-i would sell em and keep their Asian market. Or they would just do a total revamp. Which I would prefer as a Canadian and I’m not a fan of Circle K either.

[@Crux161]

It sounds stupid but Japanese 7-11 is so much nicer looking (never been to one sadly) I wish we had them in the US

[@TheToolBoxWhisperer]

I’ll give $32 billion.

[@PopTartLee]

Stupid Bro....buy Cosmetics 💄...

[@PhilHaddad]

7-11 took over a local Sunnoc and it went downhill fast.. dirty and broken down pumps..

[@GT47179]

Circle K is awful 😢

[@nbaoldgirl]

When I first heard this I was like nooo 7-11 don’t sell!! Now, seeing 31B. Umm how could they not? 😅 oh wait they can ask for as much as 85B!! Wow

[@ThomasSchick]

…it all started in Dallas Fort Worth back in the day

[@tarawhite4419]

Please don't sell out we really don't need anymore of that

[@XxXenosxX]

Don’t sell!

[@lokesh303101]

Good Deal.

[@RayNLA]

Take it!

[@MYSTERYMAN9933]

I love buying cigarettes, pizza, and beer at 7-Eleven

[@GT47179]

7/11 and speedway are one 😢

[@thaimanclark]

C P Foods owns 7 11s in Thailand.

[@jreinel1966]

7 Eleven is not a good bussines in the U.S any more...wawa is the best convenience stores this days..!

[@adamyoung9132]

At least there's still Family Mart if they mess up 7-11 in Japan

[@somerandomfella]

Fami chicken 🤤🤤🤤

[@jasonmoser8957]

this will not happen - they will not sell

[@scooby-tm8yk]

i hope this doesn't happen. couchetard is only big because it plays the corporate acquisition game well but offers consumers garbage.

[@channelsold3236]

with the land , stores worldwide 🌐 funded cash $50B 💸 💰 🤑 throw in the land deeds and that offer goes to $100B 💡

[@johnrinke8080]

Just seen a man on y.t. worked for them for 50 years. Now he is homeless.

[@Yolo942]

I will give them $100 billion for 711 if they Lend me the money.

[@paulboring9053]

Sell!!!!!!!!!

[@thaimanclark]

7 11 Sue's store owners if not open 24 7.

[@superadmin01]

Polca dots. Funny.

[@andrewe360]

Lottery sales?

[@EndlessWaltz-ml5xo]

Keep wishing, it’s not going to happen.

[@Mor4me]

My mom said .05 me .50 my kid $2.50

[@knt3219]

7-Eleven Has Been Well Brand. Now You Have Royal Farm, Wawa, Costco, BJ ,Sam Are Getting Market Share In The USA🇺🇸. Asia Is New Market For 7-Eleven Where Expansion Has Been Taken Place. Sincerely❤❤❤, KNT.

[@EvanToutz]

But that wouldn’t be a monopoly, right?

[@quantum1953]

It's a quebec corporation and the out to buy all they can get.

[@SlowedXMusic-kl4gb]

great buy 🫡👍