Seven & i Holdings buys 7-Eleven Australia’s operations
Published on: Nov 30, 2023
The acquisition accelerates 7-Eleven International's global growth strategy by taking over Australia’s largest independent c-store chain.
7-Eleven International has entered into an agreement to acquire 7-Eleven Australia, the largest independent convenience store chain in Australia. The company will take over 100% of the retailer’s shares and its 751 local stores.
7-Eleven Australia has been led by the Withers and Barlow families since 1977. The company processes 250 million transactions each year and employs more than 9,000 people across the corporate and franchise network.
"The acquisition of 7-Eleven Australia demonstrates our commitment to growing 7-Eleven's operations globally. We are looking forward to continuing to enhance the 7-Eleven brand in Australia, which enjoys a long-standing presence and unrivaled brand recognition with customers," said Shin Abe and Ken Wakabayashi, Co-CEOs of 7-Eleven International.
The transaction is subject to customary regulatory approvals and closing conditions and is expected to be completed in the second quarter of 2024.
7-Eleven International is a joint venture between 7-Eleven, Inc. and Seven-Eleven Japan, which are owned by the holding company Seven & i Holdings. Globally, the 7-Eleven trademark is represented in over 84,000 stores in 20 countries and regions.
