7-Eleven International completes 7-Eleven Australia acquisition
Published on: Apr 2, 2024
The international company has now added a total of 750 convenience stores to its retail network.
7-Eleven International announced the successful completion of its acquisition of 7-Eleven Australia convenience stores.
"We are thrilled to become one team and create stronger synergy with 7-Eleven Australia. For nearly 50 years, the 7-Eleven Australia team has built the legacy of the brand as a top choice for convenience. Together, we can enhance customer experience in the store," said Ken Wakabayashi, President and CEO of 7-Eleven International.
The two companies agreed to the $1.11 billion deal in November 2023, and now the international company has added more than 750 stores in the country to its portfolio. Both parties identified opportunities to transform the Aussie company's merchandise and fuel offer, expand product assortment and introduce new high-quality fresh foods.
"It is about continuing to grow our store network in Australia and providing unrivaled customer experiences and quality products," said Angus McKay, 7-Eleven Australia CEO and Managing Director.
With the successful transition of ownership, 7-Eleven International furthers Seven & i Holdings' commitment to global growth and enhancing the 7-Eleven brand.
