Expansion of the store network through the acquisition of Australia-based Convenience Group Holdings
First written in FY2024-Q3. 1 of 3 entries say "Achieved", first in FY2024. Latest entry: FY2027-H1.
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- FY2027-H1Cited as achievedAnnual report
「At 7-Eleven Australia, the company is strengthening fresh food product development, particularly by expanding and enhancing Japan-related products, conducting campaigns and broadening its product assortment, among other initiatives. Merchandise sales at existing stores exceeded those of the same period of the previous year.」
Regarding operations following the acquisition of the Australian business, the Company has strengthened fresh food, Japan-related products and its product assortment, and reported merchandise sales at existing stores above the same period of the previous year. - FY2024AchievedAnnual report
「In November of the same year, we announced the acquisition of Australia's Convenience Group Holdings Pty Ltd (SEA), and acquired all of its shares effective 1 April 2024.」
The acquisition of Australia's Convenience Group Holdings Pty Ltd progressed from its announcement to completion of the acquisition of all shares on 1 April 2024. - FY2024-Q3First statedAnnual report
「As of the end of June 2023, SEA operated 751 stores, and through this transaction we will establish a position as a market leader in the convenience-store business in the high-growth-potential Australian market as well.」
7-Eleven International LLC decided to acquire all shares of Australia's Convenience Group Holdings Pty Ltd for a cash consideration of A$1,710 million (¥167,238 million), representing 100% of voting rights, with the business combination scheduled for the second quarter of the fiscal year ending February 2025. The target business operates 751 convenience stores and fuel retail outlets in Australia.