Advertisement
YOU ARE HERE: LAT HomeCollectionsSeven Eleven Japan Co
IN THE NEWS

Seven Eleven Japan Co

FEATURED ARTICLES
ARTICLES BY DATE
Advertisement
BUSINESS
September 23, 2005
* FPL Group Inc., AES Corp. and other owners of wind-power facilities in the Altamont Pass near San Francisco were ordered by the Alameda County Board of Supervisors to shut down some wind turbines and replace the remainder within 13 years to curb bird fatalities. * New York property owner Hudson Waterfront Associates agreed to pay $1.05 billion to purchase the Bank of America building in San Francisco from 555 California Owners. * 7-Eleven Inc. rejected as too low Seven-Eleven Japan Co.'s $32.
BUSINESS
October 24, 1990 | From Associated Press
Southland Corp. filed early today for protection from its creditors along with a reorganization plan that would clear the way for selling control of the nation's largest convenience store operator to a Japanese group. The parent of the 7-Eleven convenience store chain said its bondholders and preferred stockholders have approved the so-called prepackaged reorganization plan, which is being submitted for confirmation by the federal bankruptcy court.
BUSINESS
September 9, 2002 | From Associated Press
Two of Japan's largest convenience store chains--Seven-Eleven and FamilyMart--plan to bring their 24-hour, one-stop shopping to China as early as next year, a newspaper reported Sunday. Seven-Eleven Japan Co., which bought the U.S. 7-Eleven franchise in 1991, plans to open 500 stores in China over the next five years, according to the Japanese business daily Nikkei Shimbun. It will open its first store in Beijing next year.
BUSINESS
January 24, 1991 | From Times Wire Services
Southland Corp., parent of 7-Eleven convenience stores, said Wednesday that bondholders withdrew all objections to the company's latest overhaul plan, clearing the way for a vote on the proposal. For the second time in four months, Southland will ask its shareholders to approve a reorganization designed to bring the company out of bankruptcy by permitting Japanese investors to buy a controlling interest for $430 million. U.S.
BUSINESS
September 2, 2005 | From Times Wire Reports
Seven-Eleven Japan Co. said Thursday that it would launch a $1.2-billion cash tender offer for the 27.3% stake it doesn't already own in its U.S. affiliate, 7-Eleven Inc., in a move to take the world's largest convenience store chain private. Seven-Eleven Japan -- which is Japan's largest convenience store operator with more than 10,000 locations -- is 51% owned by Ito-Yokado, a Japanese retailer and Denny's restaurant franchisee. The company, which already holds 72.7% of the U.S.
BUSINESS
March 6, 1991 | From Times Wire Services
Southland Corp., parent of the 7-Eleven convenience store chain, emerged from Chapter 11 bankruptcy Tuesday after two Japanese companies formally pumped $430 million in cash into the retailer by buying 70% of its stock. Southland's Chapter 11 reorganization plan, approved by a bankruptcy judge Feb. 21, proposed the $430-million purchase of Southland by Ito Yokado Co. and Seven-Eleven Japan Co.
BUSINESS
August 12, 1992 | From Associated Press
Southland Corp. said Tuesday that it would eliminate 1,800 jobs during the next few months to cut costs and more efficiently operate its 7-Eleven convenience stores. The move affects 4% of the company's worldwide work force of 42,600, chiefly in local and district marketing groups and corporate offices. Southland took a $17.5-million charge in the second quarter to pay for the restructuring, contributing to a $17.9-million loss for the period.
BUSINESS
July 17, 1990 | STUART SILVERSTEIN, TIMES STAFF WRITER
Efforts to sell troubled Southland Corp., parent of the 7-Eleven chain, took a major step forward Monday when the company's key bondholders accepted an improved buyout offer from Japanese investors. The agreement in principle appears to clear the main stumbling block for a deal that would be the biggest Japanese investment ever in U.S. retailing. Analysts say the buyout also would pump new life into Southland, which was brought to the verge of collapse by stepped-up competition and $1.
Los Angeles Times Articles
|