US-CANADA-JAPAN-MERGER-RETAIL-7 ELEVEN

The 7-Eleven logo is displayed on a gas station pump outside of a convenience store in Gardena, California on October 14, 2024. 7-Eleven announced a major restructuring on October 10, 2024 as it seeks to boost its share price and fend off what would be the biggest foreign takeover of a Japanese firm. Seven & i Holdings rejected a $40-billion takeover bid last month from Alimentation Couche-Tard (ACT) but the Canadian group has since then reportedly sweetened its offer. The company's CEO reported in an earnings call on October 10, 2024 held by Tokyo-based parent company Seven & I Holdings that it's shuttering 444 "underperforming" locations, citing inflation pressures, slowed traffic, a decline in cigarette sales and a shift in consumer appetites. The closures amount to 3% of the chain's total of more than 13,000 stores in the US and Canada. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)
The 7-Eleven logo is displayed on a gas station pump outside of a convenience store in Gardena, California on October 14, 2024. 7-Eleven announced a major restructuring on October 10, 2024 as it seeks to boost its share price and fend off what would be the biggest foreign takeover of a Japanese firm. Seven & i Holdings rejected a $40-billion takeover bid last month from Alimentation Couche-Tard (ACT) but the Canadian group has since then reportedly sweetened its offer. The company's CEO reported in an earnings call on October 10, 2024 held by Tokyo-based parent company Seven & I Holdings that it's shuttering 444 "underperforming" locations, citing inflation pressures, slowed traffic, a decline in cigarette sales and a shift in consumer appetites. The closures amount to 3% of the chain's total of more than 13,000 stores in the US and Canada. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)
US-CANADA-JAPAN-MERGER-RETAIL-7 ELEVEN
PURCHASE A LICENCE
How can I use this image?
£275.00
GBP
Getty ImagesUS-CANADA-JAPAN-MERGER-RETAIL-7 ELEVEN, News PhotoUS-CANADA-JAPAN-MERGER-RETAIL-7 ELEVEN, News PhotoUS-CANADA-JAPAN-MERGER-RETAIL-7 ELEVEN Get premium, high resolution news photos at Getty ImagesProduct #:2177778985
£375£150
Getty Images
In stock

DETAILS

Restrictions:
Contact your local office for all commercial or promotional uses. Full editorial rights UK, US, Ireland, Italy, Spain, Canada (not Quebec). Restricted editorial rights elsewhere, please call local office.
Credit:
PATRICK T. FALLON / Contributor
Editorial #:
2177778985
Collection:
AFP
Date created:
14 October, 2024
Upload date:
Licence type:
Rights-managed
Release info:
Not released. More information
Source:
AFP
Barcode:
AFP
Object name:
AFP_36K63L9
Max file size:
8072 x 5381 px (68.34 x 45.56 cm) - 300 dpi - 13 MB