Seven & i Holdings Co. CEO believes the formula behind the success of 7-Eleven in Japan can be exported across the globe, potentially through acquisitions.
Photographer: Noriko Hayashi/Bloomberg
Japan’s Convenience Stores Can Span the Globe, 7-Eleven CEO Says
Facing pressure from an activist investor, the retailer makes its case for worldwide growth.
Ryuichi Isaka has spent more than $25 billion during the past few years to bolster an empire spanning 85,000 convenience stores, gasoline stations and retail outlets. But he wants more.
The chief executive officer of Japanese retailing giant Seven & i Holdings Co. believes that the formula behind the success of 7-Eleven — the Japanese version, that is — can be exported across the globe, potentially through acquisitions. “If there’s an opportunity, we’d proactively consider M&A,” Isaka said.