• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

2

Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich

3

Trump embraces Australian retirement system backed by Larry Fink

1

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents

2

Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich

3

Trump embraces Australian retirement system backed by Larry Fink
FinanceJapan
Asia

7-Eleven’s Japanese owner reportedly set to appoint its first foreign CEO as it battles a takeover bid from Canada’s Alimentation Couche-Tard

By
AFP
AFP
Down Arrow Button Icon
By
AFP
AFP
Down Arrow Button Icon
March 3, 2025, 2:57 AM ET
Ryuichi Isaka, chief executive officer of Seven & i Holdings, speaks during a news conference in Tokyo, Japan, on April 10, 2024.
Ryuichi Isaka, chief executive officer of Seven & i Holdings, speaks during a news conference in Tokyo, Japan, on April 10, 2024.Soichiro Koriyama—Bloomberg via Getty Images
Add Fortune on Google for similar content.

7-Eleven’s owner is set to replace its CEO as the Japanese convenience store giant battles a $47-billion takeover bid by Canada’s Alimentation Couche-Tard (ACT), reports said Monday.

Recommended Video

Last week Seven & i said its founding family failed to put together a buyout to fend off ACT’s offer, which would be the largest foreign acquisition of a Japanese firm.

Japan’s Nikkei business daily and other media reported that Seven & i’s president Ryuichi Isaka would be replaced by outside director Stephen Hayes Dacus.

Dacus, who has also worked for Uniqlo owner Fast Retailing and the Japanese arm of U.S. retail giant Walmart, would also be Seven & i’s first foreign CEO.

A formal decision will be made at a board meeting, the reports said, citing sources familiar with the matter.

Dacus currently heads a special committee tasked with evaluating ACT’s bid, which the Canadian firm has already sweetened.

Dacus and the committee are expected over the next few weeks to unveil strategic proposals to increase the company’s value ahead of an annual shareholder meeting in May, the Financial Times reported.

“There have been reports in some news media regarding the management of Seven & i,” the company said in a statement.

“However this information was not announced by the Company and no decision has been made by the Company at this time,” it said.

Seven & i shares soared as much as 12% on Thursday on news that the company’s founding Ito family had failed to put together financing for its alternative offer.

On Monday they rose as much as 4.6% and closed up 2.37%.

With around 85,000 outlets, 7-Eleven is the world’s biggest convenience store brand.

The franchise began in the United States, but it has been wholly owned by Seven & i since 2005.

ACT, which began with one store in Quebec in 1980, now runs nearly 17,000 convenience store outlets worldwide including the Circle K chain.

ACT said on Friday that it still hoped to achieve a “friendly agreement”.

In September, when Seven & i rejected the initial takeover offer from ACT, the company said it had “grossly” undervalued its business and could face regulatory hurdles.

About the Author
By AFP
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Finance

college
Personal FinanceColleges and Universities
The real reason college costs 43% of family income isn’t tuition
By Thomas Adam and The ConversationJuly 13, 2026
2 hours ago
Trump takes a page from Iran’s playbook on the Strait of Hormuz, leveraging U.S. influence over the contested chokepoint to generate revenue
Middle EastIran
Trump takes a page from Iran’s playbook on the Strait of Hormuz, leveraging U.S. influence over the contested chokepoint to generate revenue
By Jason MaJuly 13, 2026
3 hours ago
Meta’s AI data center cost went from $10 billion to $50 billion in under 2 years—and split the town in two
Big TechMeta
Meta’s AI data center cost went from $10 billion to $50 billion in under 2 years—and split the town in two
By Sydney LakeJuly 13, 2026
4 hours ago
U.S. and Iran both say they control the Strait of Hormuz amid attacks that threaten return to all-out war and global economic upheaval
EnergyIran
U.S. and Iran both say they control the Strait of Hormuz amid attacks that threaten return to all-out war and global economic upheaval
By The Associated Press and Jon GambrellJuly 13, 2026
7 hours ago
‘We are driving in the fog’: Hundreds of economists admit they’re flying blind on AI
Economydisruption
‘We are driving in the fog’: Hundreds of economists admit they’re flying blind on AI
By Nick LichtenbergJuly 13, 2026
7 hours ago
Current price of gold as of July 13, 2026
Personal Financegold prices
Current price of gold as of July 13, 2026
By Danny BakstJuly 13, 2026
8 hours ago

Most Popular

The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
Innovation
The U.S. spent $30 billion to ditch textbooks for laptops and tablets: The result is the first generation less cognitively capable than their parents
By Sasha RogelbergJuly 12, 2026
1 day ago
Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
Big Tech
Peter Thiel and other tech billionaires are publicly shielding their children from the products that made them rich
By Marco Quiroz-GutierrezJuly 12, 2026
1 day ago
Trump embraces Australian retirement system backed by Larry Fink
Personal Finance
Trump embraces Australian retirement system backed by Larry Fink
By Brianna Sosa and BloombergJuly 12, 2026
1 day ago
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
Environment
Wyoming officials say Meta’s 715,000-square-foot data center is responsible for contaminating its water system with a rare bacterium
By Sasha RogelbergJuly 10, 2026
3 days ago
Current price of oil as of July 13, 2026
Personal Finance
Current price of oil as of July 13, 2026
By Joseph HostetlerJuly 13, 2026
11 hours ago
Russia’s economy is an 'illusion' built on debt, and a banking crisis is ready to explode, intel report says, while the Kremlin may seize pensions
Banking
Russia’s economy is an 'illusion' built on debt, and a banking crisis is ready to explode, intel report says, while the Kremlin may seize pensions
By Jason MaJuly 12, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.