When the owner of 7-Eleven announced this week that it had received a buyout offer from a Canadian rival it triggered shockwaves in Japan.
A Japanese company of this size has never been bought by a foreign firm. Historically, companies from Japan were more likely to buy overseas businesses.
7-Eleven is the world’s biggest convenience store chain, with 85,000 outlets across 20 countries and territories. And it’s been especially successful at selling itself as an option for a quick and cheap yet tasty meal, and in places where there is already an abundance of that, such as Japan and Thailand.
Read the full article on the BBC website
NAM Implications:
- We live in unprecedented times…where business consolidation will result from the need to be big.
- i.e. suppliers should anticipate mergers and takeover, however unlikely.
- i.e. Harmonise Prices & Terms before a newly combined customer does it on your behalf
- (besides which, the stakes are getting bigger…)
