Seven & I Holdings (Japan)
Seven & I Holdings is one of Japan's two biggest retail groups, operating a broad portfolio of formats from convenience stores to superstores. The current business was formed from the merger of three separate but inter-linked companies. Superstore giant Ito-Yokado is Japan's equivalent to Walmart or Carrefour, launched by entrepreneur Masatoshi Ito in the 1960s. Later Ito acquired local franchise rights for family restaurant Denny's Japan and convenience store chain 7-Eleven. He took control of the latter's US parent in 2005, merging all three companies into a single group. In 2006 the group also absorbed Japan's Seibu and Sogo department stores. It also owns a sizeable portfolio of other smaller retail and food service chains, as well as electronic cash card Nanaco. Unlike its main Japanese rival Aeon, Seven & I has a broad international footprint as a result of 7-Eleven's extensive network. It is the world's biggest convenience store business with more than 55,000 owned and franchised outlets in 16 countries, including 10,500 in North America. One of Japan's 10 richest men, the elderly Ito remains honorary chairman. Group chairman & CEO access account assignments and contact information. The searchable account assignments database is available to full subscribers to Adbrands.net premium services. Click here to access Adbrands account assignments (subscribers only); or see here for information on how to subscribe.Group revenues for the year to Feb 2016 were approximately $50bn, but system sales including franchisees were well over $90bn. Adbrands no longer profiles this company but subscribers may
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Capsule checked 11th April 2016
Recent stories from Adbrands Weekly Update:
Adbrands Weekly Update 3rd Sept 2015: 7-Eleven, Australia's biggest convenience store chain and petrol retailer came under the media spotlight following a joint investigative report by the current affairs TV show Four Corners and news magazine Business Day. This revealed that as many as two-thirds of 7-Eleven's 620 franchised outlets in Australia have been exploiting their workers, many of whom are foreign students. Staff are routinely paid as little as half the legal minimum rate, and required to work long shifts - sometimes as much as 16 hours straight - in breach of visa conditions. They also face the constant threat of violence from customers - open all night every night, the chain suffers an average of three robberies a week. In some cases, workers' passports are held by store owners to ensure no complaint is made to the authorities. In a panicked response to the intense media coverage, 7-Eleven's head office in Australia expressed its shock at the revelations and promised a full review of working conditions. However several commentators questioned the honesty of that promise, claiming that the company was already fully aware of the situation and that many stores are only financially viable if they pay lower than legal wages.
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