{"id":13996,"date":"2025-02-27T02:20:36","date_gmt":"2025-02-27T02:20:36","guid":{"rendered":"https:\/\/inbudgetalerts.com\/?p=13996"},"modified":"2025-02-27T02:20:37","modified_gmt":"2025-02-27T02:20:37","slug":"family-behind-seven-i-abandons-58bn-management-buyout","status":"publish","type":"post","link":"https:\/\/inbudgetalerts.com\/?p=13996","title":{"rendered":"Family behind Seven &#038; i abandons $58bn management buyout"},"content":{"rendered":"<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=4d3622f4-9fc5-47f5-9c7f-00930348c76e\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>The family that founded Seven &amp; i has abandoned an attempted $58bn buyout of the Japanese convenience store group.<\/p>\n<p>A group led by the Ito family was unable to secure financing, Seven &amp; i said on Thursday. Shares in the company fell 12 per cent in Tokyo. <\/p>\n<p>The decision leaves Canada\u2019s Alimentation Couche-Tard, which has made an unsolicited $47bn offer for Seven &amp; i, as the only known bidder for the group, which owns the 7-Eleven convenience store chains in the US, Japan and elsewhere.<\/p>\n<p>If Couche-Tard does succeed in winning control of Seven &amp; i, it will be the biggest takeover of a Japanese company.<\/p>\n<p>The Ito family launched its effort to buy Seven &amp; i and keep it under Japanese ownership in November, months after Couche-Tard made a first $39bn unsolicited bid.<\/p>\n<p>However Seven &amp; i said on Thursday that it had \u201creceived notification from Junro Ito, our executive vice-president and representative director, and Ito Kogyo Co that they are no longer able to secure the necessary financing to make a formal proposal to acquire the company\u201d.<\/p>\n<p>The statement came after Itochu, a Japanese trading house which owns rival convenience store chain FamilyMart, decided this week that it would not participate in the buyout, according to people familiar with the matter.<\/p>\n<p>Itochu declined to comment. Its shares rose 6 per cent on Thursday.<\/p>\n<p>The Ito family had been rushing to raise financing for the buyout and sounded out big Japanese banks, international private equity groups and other global financial institutions, including Apollo and Thailand\u2019s CP Group.<\/p>\n<p>Since Couche-Tard\u2019s approach, Seven &amp; i has set up a special committee to explore other options for its future, including a plan by its existing management to raise its value. The committee is expected to give recommendations ahead of Seven &amp; i\u2019s annual shareholders meeting in May.<\/p>\n<p>Seven &amp; i said it would \u201ccontinue to evaluate and consider all strategic options, including the proposal from Alimentation Couche-Tard, to realise value for our shareholders\u201d.<\/p>\n<p>Couche-Tard did not immediately respond to a request for comment.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.ft.com\/content\/4d3622f4-9fc5-47f5-9c7f-00930348c76e\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The family&#8230;<\/p>\n","protected":false},"author":1,"featured_media":13997,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":{"0":"post-13996","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Family behind Seven &amp; i abandons $58bn management buyout | InBudgetAlerts<\/title>\n<meta name=\"description\" content=\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The family that founded\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/inbudgetalerts.com\/?p=13996\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Family behind Seven &amp; i abandons $58bn management buyout | InBudgetAlerts\" \/>\n<meta property=\"og:description\" content=\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The family that founded\" \/>\n<meta property=\"og:url\" content=\"https:\/\/inbudgetalerts.com\/?p=13996\" \/>\n<meta property=\"og:site_name\" content=\"InBudgetAlerts\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-27T02:20:36+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-27T02:20:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2025\/02\/https3A2F2Fd1e00ek4ebabms.cloudfront.net2Fproduction2F93856c7a-33dc-4e6a-973d-4f3460e8475a.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"394\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Press Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Press Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/inbudgetalerts.com\/?p=13996#article\",\"isPartOf\":{\"@id\":\"https:\/\/inbudgetalerts.com\/?p=13996\"},\"author\":{\"name\":\"Press Room\",\"@id\":\"https:\/\/inbudgetalerts.com\/#\/schema\/person\/5fadb0c23fa3bfd2762b1a5dcce46da3\"},\"headline\":\"Family behind Seven &#038; i abandons $58bn management buyout\",\"datePublished\":\"2025-02-27T02:20:36+00:00\",\"dateModified\":\"2025-02-27T02:20:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/inbudgetalerts.com\/?p=13996\"},\"wordCount\":377,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/inbudgetalerts.com\/#organization\"},\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/inbudgetalerts.com\/?p=13996#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/inbudgetalerts.com\/?p=13996\",\"url\":\"https:\/\/inbudgetalerts.com\/?p=13996\",\"name\":\"Family behind Seven & i abandons $58bn management buyout | InBudgetAlerts\",\"isPartOf\":{\"@id\":\"https:\/\/inbudgetalerts.com\/#website\"},\"datePublished\":\"2025-02-27T02:20:36+00:00\",\"dateModified\":\"2025-02-27T02:20:37+00:00\",\"description\":\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The family that founded\",\"breadcrumb\":{\"@id\":\"https:\/\/inbudgetalerts.com\/?p=13996#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/inbudgetalerts.com\/?p=13996\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/inbudgetalerts.com\/?p=13996#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/inbudgetalerts.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Family behind Seven &#038; i abandons $58bn management buyout\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/inbudgetalerts.com\/#website\",\"url\":\"https:\/\/inbudgetalerts.com\/\",\"name\":\"Fintech Advance\",\"description\":\"Latest Finance and Tech News and Updates\",\"publisher\":{\"@id\":\"https:\/\/inbudgetalerts.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/inbudgetalerts.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/inbudgetalerts.com\/#organization\",\"name\":\"Fintech Advance\",\"url\":\"https:\/\/inbudgetalerts.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/inbudgetalerts.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"contentUrl\":\"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/tech-logo.png\",\"width\":409,\"height\":70,\"caption\":\"Fintech Advance\"},\"image\":{\"@id\":\"https:\/\/inbudgetalerts.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/inbudgetalerts.com\/#\/schema\/person\/5fadb0c23fa3bfd2762b1a5dcce46da3\",\"name\":\"Press Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/inbudgetalerts.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"contentUrl\":\"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png\",\"caption\":\"Press Room\"},\"sameAs\":[\"https:\/\/inbudgetalerts.com\"],\"url\":\"https:\/\/inbudgetalerts.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Family behind Seven & i abandons $58bn management buyout | InBudgetAlerts","description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The family that founded","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/inbudgetalerts.com\/?p=13996","og_locale":"en_US","og_type":"article","og_title":"Family behind Seven & i abandons $58bn management buyout | InBudgetAlerts","og_description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The family that founded","og_url":"https:\/\/inbudgetalerts.com\/?p=13996","og_site_name":"InBudgetAlerts","article_published_time":"2025-02-27T02:20:36+00:00","article_modified_time":"2025-02-27T02:20:37+00:00","og_image":[{"width":700,"height":394,"url":"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2025\/02\/https3A2F2Fd1e00ek4ebabms.cloudfront.net2Fproduction2F93856c7a-33dc-4e6a-973d-4f3460e8475a.jpg","type":"image\/jpeg"}],"author":"Press Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Press Room","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/inbudgetalerts.com\/?p=13996#article","isPartOf":{"@id":"https:\/\/inbudgetalerts.com\/?p=13996"},"author":{"name":"Press Room","@id":"https:\/\/inbudgetalerts.com\/#\/schema\/person\/5fadb0c23fa3bfd2762b1a5dcce46da3"},"headline":"Family behind Seven &#038; i abandons $58bn management buyout","datePublished":"2025-02-27T02:20:36+00:00","dateModified":"2025-02-27T02:20:37+00:00","mainEntityOfPage":{"@id":"https:\/\/inbudgetalerts.com\/?p=13996"},"wordCount":377,"commentCount":0,"publisher":{"@id":"https:\/\/inbudgetalerts.com\/#organization"},"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/inbudgetalerts.com\/?p=13996#respond"]}]},{"@type":"WebPage","@id":"https:\/\/inbudgetalerts.com\/?p=13996","url":"https:\/\/inbudgetalerts.com\/?p=13996","name":"Family behind Seven & i abandons $58bn management buyout | InBudgetAlerts","isPartOf":{"@id":"https:\/\/inbudgetalerts.com\/#website"},"datePublished":"2025-02-27T02:20:36+00:00","dateModified":"2025-02-27T02:20:37+00:00","description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The family that founded","breadcrumb":{"@id":"https:\/\/inbudgetalerts.com\/?p=13996#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/inbudgetalerts.com\/?p=13996"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/inbudgetalerts.com\/?p=13996#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/inbudgetalerts.com\/"},{"@type":"ListItem","position":2,"name":"Family behind Seven &#038; i abandons $58bn management buyout"}]},{"@type":"WebSite","@id":"https:\/\/inbudgetalerts.com\/#website","url":"https:\/\/inbudgetalerts.com\/","name":"Fintech Advance","description":"Latest Finance and Tech News and Updates","publisher":{"@id":"https:\/\/inbudgetalerts.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/inbudgetalerts.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/inbudgetalerts.com\/#organization","name":"Fintech Advance","url":"https:\/\/inbudgetalerts.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/inbudgetalerts.com\/#\/schema\/logo\/image\/","url":"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","contentUrl":"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/tech-logo.png","width":409,"height":70,"caption":"Fintech Advance"},"image":{"@id":"https:\/\/inbudgetalerts.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/inbudgetalerts.com\/#\/schema\/person\/5fadb0c23fa3bfd2762b1a5dcce46da3","name":"Press Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/inbudgetalerts.com\/#\/schema\/person\/image\/","url":"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","contentUrl":"https:\/\/inbudgetalerts.com\/wp-content\/uploads\/2023\/10\/avatar_user_1_1697230663-96x96.png","caption":"Press Room"},"sameAs":["https:\/\/inbudgetalerts.com"],"url":"https:\/\/inbudgetalerts.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=\/wp\/v2\/posts\/13996","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13996"}],"version-history":[{"count":1,"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=\/wp\/v2\/posts\/13996\/revisions"}],"predecessor-version":[{"id":13998,"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=\/wp\/v2\/posts\/13996\/revisions\/13998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=\/wp\/v2\/media\/13997"}],"wp:attachment":[{"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/inbudgetalerts.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}