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7-Eleven International successfully completed the acquisition of 7-Eleven convenience stores in Australia for A$1.71 billion. Following this acquisition, 7-Eleven International’s portfolio includes more than 750 Australian stores.
President and CEO Ken Wakabayashi said the merger will enhance synergies and jointly enhance customer experience. 7-Eleven International is a joint venture between 7-Eleven, Inc. and 7-Eleven Japan, Co. Ltd., held by the holding company Seven & i Holdings Co., Ltd.
Globally, the 7-Eleven trademark is sold in more than 84,000 stores. The transaction further lays the foundation for driving global growth and enhancing brand quality.
(Source: NST Image source: Unsplash)
