Who owns 7 11 convenience stores

Inthere were over 78, stores in the world. There are 7-Eleven stores in 19 different countries.

Masatoshi Ito, the Japanese billionaire who turned 7-Eleven convenience stores into a global empire, has died aged 98, closing the chapter on one of Asia's most storied retail entrepreneurs. Ito transformed everyday retail in Japan, turning a US-born company into an international brand, particularly in Asia where 7-Eleven shops are rarely more than a few minutes' walk away in many cities. Chief competitors include the Japanese-owned Lawson and Family Mart convenience store franchises, but neither has reached the sheer size or global reach of the 7-Eleven empire. Ito's business acumen was influenced by his friendship with the late management consultant Peter Drucker, who described Ito as "one of the world's outstanding entrepreneurs and business builders. In a interview with The Journal of Japanese Trade and Industry, Ito said he traveled to the US in and "experienced a kind of cultural shock at how rich everybody seemed" at a time when Japan was recovering from the aftermath of World War II.

Who owns 7 11 convenience stores

It was founded in as Southland Ice Company and was originally an ice house storefront in Dallas, Texas. Over the years, the company evolved into a retail convenience store chain and adopted the name 7-Eleven in to reflect its extended operating hours from a. This acquisition allowed for further expansion and globalization of the brand, which now operates over 78, stores in 19 countries and territories worldwide. The brainchild of Joe C. Thompson, the company first emerged as the Southland Ice Company, an ice house storefront in Dallas, Texas. Thompson identified an untapped opportunity to bring convenience to customers by offering essential products like bread and milk in his stores, eliminating the need for long and arduous journeys for basic necessities. Founded by Joe C. Thompson seized the opportunity to provide convenience products like bread and milk to customers, eliminating the need for long journeys to acquire basics. The company underwent several name changes before finally adopting the name 7-Eleven in This acquisition marked the beginning of a new chapter for 7-Eleven, allowing for further growth and globalization of the brand. With the support and resources of Seven-Eleven Japan, the company expanded its reach and established a strong presence in international markets. This consolidation of ownership gave Seven-Eleven Japan complete control over the brand and its operations, solidifying its position as the sole owner. Since then, under the ownership of Seven-Eleven Japan, 7-Eleven has continued to flourish and expand its operations both domestically and internationally. As of , the company boasts over 78, stores worldwide, a testament to its successful growth strategy.

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Thomson Reuters. He is based in Sydney. She joined Reuters in from Debtwire where she covered leveraged finance and the primary debt market for three years. She majored in business journalism at Washington and Lee University. Reports mainly on pharma, retail and breaking news in Japan.

Thompson Jr. We strive to be the first choice for convenience for our customers — anytime, anywhere. To lead, we serve. We live by our Values and Leadership Principles so we can best serve our customers, our stores, our Franchisees, and our communities — every single day. Learn More.

Who owns 7 11 convenience stores

It was named Tote'm Stores between and Both Speedway and Stripes operate alongside 7-Eleven's namesake stores in several markets. The company's first outlets were in Dallas, named "Tote'm Stores" because customers "toted" away their purchases. Some stores featured "native" totem poles in front of the store. In , the chain's name was changed from "Tote'm" to "7-Eleven" to reflect the company's new, extended hours, a. Following 7-Eleven's adoption of its current logo in , a lowercase n was used in the logo because the first wife of John P.

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Thompson eventually bought the Southland Ice Company and turned it into the Southland Corporation, which oversaw several locations in the Dallas area. Retrieved June 14, Archived from the original on October 29, The company had to offer stocks to get people to buy the company's bonds. Toggle limited content width. Retrieved July 21, Archived from the original on May 7, Both Speedway and Stripes operate alongside 7-Eleven's namesake stores in several markets. Archived from the original on June 28, As of September , 7-Eleven has 2, stores in Mainland China.

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South China Morning Post. This also meant that, in many big cities, 7-Eleven stores were sold to other convenience stores. Skip to main content. May 2, In , the brand's name was changed to "7-Eleven" because it was open from am to pm. Archived from the original on December 5, March 6, Archived from the original on December 3, In Singapore, 7-Eleven forms the largest chain of convenience stores island-wide. All images are for visual demonstration only and do not represent real products or individuals. Next Continue. In , a manager named Jenna Lira brought a totem pole from Alaska and placed it in front of her store. Turner Broadcasting System, Inc. Abigail Summerville Thomson Reuters. Retrieved December 1,