7-Eleven’s Japanese owner seeks government protection after $49.9 billion approach
www.straitstimes.com
This raises a potential hurdle for Alimentation Couche-Tard’s buyout proposal to proceed. Read more at straitstimes.com.
  • n2burns@lemmy.caEnglish
    56·
    3 months ago

    Having a Québécois convenience store company try to take over a Japenese convenience store company, who recently took over an American convenience store company just feels like the crazy future capitalism presented us but never fulfilled. Instead, we’re usually just dealing with late-stage capitalism.

    • reddig33@lemmy.worldEnglish
      22·
      3 months ago

      There’s really no reason for these two major convenience chains to merge. It’s just like the b.s. with Albertsons and Kroger.

      • Etterra@lemmy.worldEnglish
        4·
        3 months ago

        Reminds me of White Hen convenience stores - 7-Eleven bought them out and then shut down all of the stores. Didn’t replace them with more stores, just left the whole area, full on Cartman “fuck you guys I’m going home” mode.

      • TokenBoomer@lemmy.worldEnglish
        34·
        3 months ago

        In monopoly, do you trade your houses for hotels, or is one house enough? You’ve got to build to wield power.

  • MoogleMaestro@lemmy.zipEnglish
    48·
    3 months ago

    As someone who has been going to 7-11 more now than ever in the past, I actually kind of hope they succeed in this.

    The Japanese ownership has made the chain much better than it was prior in the 90s, for instance.

    • 9point6@lemmy.worldEnglish
      15·
      3 months ago

      Legitimately the Japanese convenience stores are peerless compared to anything outside their country.

      Family mart over 7-11 though IMO

    • Starayo@lemm.eeEnglish
      12·
      3 months ago

      When I was last in Japan, I basically lived out of konbinis. I mean, I also ate at restaurants all the time because it was so cheap compared to Australia, but for everything else, why bother cooking in my tiny-ass apartment when I can walk a few minutes and get a full, fresh meal AND some decent sake for less than a single dinner back home? They’re fantastic. Plus they all had ATMs that could use to get more cash out.

      Also, when my flight home was delayed by a typhoon, I was able to eat full meals for a few days on just thirty bucks from the konbinis in the airport. No price gouging. Back home that would have gotten me a shitty sandwich at best.