Seven & I Holdings Co.

Seven & I Holdings Co., Ltd.
Native name
 株式会社セブン&アイ・ホールディングス
Kabushiki-gaisha Sebun ando Ai Hōrudingusu
Public (K.K.)
Traded as TYO: 3382
Industry Retailing
Founded September 1, 2005 (2005-09-01) (from merger)
Headquarters 8-8, Nibancho, Chiyoda, Tokyo, Japan
Key people
 Noritoshi Murata, President
Services Department stores, Superstores, Supermarkets, Convenience stores, Restaurants, Financial services
Revenue Decrease ¥4.786 trillion (2012)
Increase ¥292.06 billion (2012)
Increase ¥129.83 billion (2012)
Total assets Increase ¥3.889 trillion (2012)
Total equity Increase ¥1.860 trillion (2012)
Number of employees
 55,011 (2013)
Subsidiaries Seven-Eleven Japan
7-Eleven
Seven-Eleven Hawaii
Seven-Eleven Beijing
Ito-Yokado
Sogo & Seibu
Seven Bank
Website www.7andi.com

Seven & I Holdings Co., Ltd. (株式会社セブン&アイ・ホールディングス Kabushiki-gaisha Sebun ando Ai Hōrudingusu, Seven-i (セブンアイ)) is a Japanese diversified retail group headquartered in Nibancho, Chiyoda, Tokyo, Japan.[1] Founded originally in 1920 as Ito-Yokado, Seven & I is now the fifth largest retailer in the world,[2] with 54,000 stores in approximately 100 countries.

History

Seven & I Holdings was established on September 1, 2005 as the parent company of the 7-Eleven Japan chain of convenience stores, the Ito-Yokado grocery and clothing stores, and the Denny's Japan family restaurants. In November 2005, it completed the purchase of US-based 7-Eleven Inc.[3]

On December 26, 2005, the company announced its acquisition of Millennium Retailing holding company, parent of the Sogo and Seibu Department Stores chains. The acquisition makes Seven & I Holdings the largest distribution and retailing business in Japan.

On August 11, 2006, Seven & I purchased Lombard, Illinois-based White Hen.[4]

In July 2007, the group announced the enlargement of their American chain 7-Eleven. They proposed an additional 1000 stores in a $2.4 billion plan that would see their US operation grow to over 7,000 stores. The target was set to achieve $10 billion in sales in the US by 2010.

On June 11, 2012, Seven & I, through its 7-Eleven, Inc. subsidiary, acquired 23 convenience stores in the US from Strasburger Enterprises, Inc.[5]

On December 4, 2013, Seven and I purchased 44.99% ownership of Barneys Japan Co., Ltd. from "a fund operated by Tokio Marine Capital".[6] Barneys Japan "has a network of 10 stores in Japan, including five outlet stores" and, "for the year ending February 2013, Barneys Japan posted sales of ¥19.52 billion."[6] After this transaction, Sumitomo Corporation will continue to retain a majority stake of 50.01% in Barneys Japan Co., Ltd.[6]

On January 29, 2014, Seven and I, through its subsidiary Seven & i Net Media, acquired 50.71% of Nissen Holdings, which is engaged in the mail order sale of clothing and daily necessities, the retail and wholesale of gift products through stores, catalogs, Internet and mobiles. Also, Nissen is involved in the life insurance, casualty insurance agency, credit card and money lending business.[7][8]

Subsidiaries

References

  1. ↑ "Office Map." Seven & i Holdings. Retrieved on January 13, 2009.
  2. ↑ “Planet Retail reveals latest retailer rankings”, Planet Retail, July 28, 2008. Archived October 5, 2008, at the Wayback Machine.
  3. ↑ "2005 - Company - Seven & i Holdings Co". 7andi.com. Retrieved 19 May 2015.
  4. ↑ "7-Eleven Parent Company Buys White Hen Pantry". The New York Times Company. August 11, 2006. Retrieved August 11, 2012. Archived at WebCite
  5. ↑ "Seven & I Holdings : Notice Regarding the Acquisition of Stores from Strasburger Enterprises, Inc.". 4-Traders. 2012-06-15. Retrieved August 29, 2012. Archived at WebCite
  6. 1 2 3 Kaiser, Amanda (December 4, 2013). "Seven & i Buys Stake in Barneys Japan". WWD. Retrieved December 4, 2013.
  7. ↑ "Nissen Holdings Co. Ltd. announces results of takeover bid launched by subsidiary of Seven & I Holdings Co. Ltd.". Reuters. Retrieved March 6, 2014.
  8. ↑ "Nissen Holdings company profile". Reuters. Retrieved March 6, 2014.
  9. ↑ "Seven & i Net Media company profile". Businessweek. Retrieved March 6, 2014.
  10. ↑ "Seven & I to buy Net retailer Nissen". The Japan Times. Retrieved March 6, 2014.
  11. ↑ "Nissen Holdings company profile". Nissen Holdings. Retrieved March 6, 2014.

External links

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Coordinates: 35°41′8.82″N 139°44′2.35″E / 35.6857833°N 139.7339861°E / 35.6857833; 139.7339861

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