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7 Eleven Convenience Food Stores

BUSINESS
November 15, 1989 | From Associated Press
Southland Corp. said Tuesday that it may be unable to make payments due in 1991 on debt it incurred in its $4.9-billion leveraged buyout and is considering a recapitalization or other restructuring. Southland, which was acquired by its founding Thompson family in the 1987 buyout, until now had maintained that it could meet its debt obligations. But the company said previous sales projections at its 7-Eleven convenience stores had not been met.
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BUSINESS
October 25, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Southland Corp., parent of the worldwide network of 7-Eleven convenience stores, sought court protection from creditors Wednesday in the second-biggest retailing bankruptcy case in U.S. history. The Chapter 11 bankruptcy filing, however, is designed to push through Ito-Yokado Co.'s proposal to buy 70% of debt-ridden Southland for $430 million in cash. The bailout deal would be the largest Japanese investment in a U.S. retailer.
CALIFORNIA | LOCAL
May 13, 1992 | JOHN SCHWADA, TIMES STAFF WRITER
A 7-Eleven market in Van Nuys is a public nuisance that fosters prostitution, drug sales, drunken-ness and lewd conduct, and the store must hire a security guard and close late at night, a Los Angeles city zoning panel ruled Tuesday. The order by the Board of Zoning Appeals to owners of the store at 15317 Vanowen St. was the second such action involving a 7-Eleven in the San Fernando Valley in recent months.
BUSINESS
August 31, 1995 | JAMES S. GRANELLI, TIMES STAFF WRITER
Manmeet Nijjar has all the latest crime-prevention gear in place at his 7-Eleven store, and he and his employees have learned the latest policies and theories on criminal behavior. * There are more and brighter lights inside and out. Windows are uncluttered for a better view. Aisles are wider and better marked so customers can get what they want quickly. No more than $30 in cash is kept in the till at night.
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