7-Eleven sues Nike over stolen color scheme
#7Eleven #NikeLawsuit7-Eleven sues Nike over Air Max 95 sneakers using its red, orange, and green stripes, set for July 11 release. The lawsuit claims intentional trademark infringement, seeking to block sales and damages for consumer confusion. read more
7-Eleven to Close 400+ Stores Due to Declining Sales
#7Eleven #StoreClosures7-Eleven is closing over 400 stores due to declining sales and customer traffic, impacting both the US and Canada. The parent company, Seven & i Holdings, plans to focus on profitable aspects like fresh food and beverages while restructuring non-core assets. read more
Seven & i Rejects $39bn Takeover Offer from Couche-Tard
#7Eleven #takeoverofferSeven & i, owner of 7-Eleven, rejects a $39bn takeover offer from Canadian rival, stating undervaluation. The Japanese group, with 84,000+ stores across 19 countries, remains open to higher bids due to regulatory concerns. Speculation arises on strategic defense emphasizing 7-Eleven's role in Japan's disaster support infrastructure. read more
"7-Eleven Owner, Seven & i, Receives Buyout Offer from Rival"
#7Eleven #globalacquisition7-Eleven, with over 84,000 stores in 19 countries, including 13,000 in the US and 22,000 in Japan, is being bid for by Canadian rival Alimentation Couche-Tard. The potential acquisition, if approved, would mark a significant foreign takeover in Japanese business. read more