Japanese bought 7-11

and are going to franchise all of them. The one a few blocks away from my apt is now owned by two gals ( think they are partners)
http://business.timesonline.co.uk/article/0,,13133-1959468,00.html

Now I got that damn song by The Vapors "TURNING JAPANESE" stuck in my head!!!!!!

Lu

Did you get that from the article? I didn't see it.

Whatever the case, the name that is 7-11 has several different manifestations, and in some places has been offered as a franchise for years.

I'm not too familiar with the inner-workings of the national chain, but I picked up tidbits when I managed one in Oklahoma, these stores themselves being one of the various manifestations that function essentially independantly from the national chain. The two people who started the stores eventually split, one incorporating, the other wanting to stay smaller. The latter negotiated a deal whereby only his chain of stores can operate in Oklahoma and the surrounding counties, which basically means the OKC area. Southland Corp, which had a controlling interest in 7-11 when I worked for the local chain, had a minority interest in the OKC branch.

Anyway, that was one of the things I picked up. We'd get people who moved to OKC who had worked for 7-11 elsewhere in franchise stores and be rather shocked at how differently the local company was run.

they are planning on franchising all of them. This just happened in the last month

The move to a complete franchise model may be the change. As I mentioned, however, 7-11 franchises have existed for years.

http://en.wikipedia.org/wiki/7-11

The company was founded in Oak Cliff, Texas, which is now part of Dallas, in 1927, and started to use the 7-Eleven name in 1946; the previous branding of these stores was as "Speedee-Mart". Nearly 40% of today's 7-Eleven stores are operated in Japan since the Japanese-based company Ito-Yokado purchased the majority interest from Southland Corporation in 1991. Also in 1991, Southland Corporation changed its name to 7-Eleven, Inc.


In November 2005, Seven-Eleven Japan Co. Ltd. completed the purchase of 7-Eleven Inc., turning the Texas-based publically-traded conglomerate into a privately-owned Japanese company. Seven-Eleven Japan Co. Ltd. is itself a subsidiary of Seven & I Holdings Co., Ltd., which also owns the Japanese Denny's chain of restaurants.

<snip>

Japan has more 7-Eleven locations than anywhere else in the world. Of the 28,123 stores around the globe, 10,868 (39%) of them are located in Japan. 1,396 are in Tokyo alone.

It'll all be fuckin' worth it.

I love 7-11. I don't know why, but there's just something about a Slurpee... and if they had Ramune and Pocari Sweat Slurpees, or maybe Pocky or octopus balls... that would be awesome.

who I heard was actually gonna buy it in the first place.

A favorite mindmeld with the xenophobic Lou Doobies out there...

While I detest outsourcing and all things Wal-Mart, having a foreign owner isn't always a bad thing. First...to make their investment worth something, they have to have better products and customer service. The Japanese, in specific, also invest a lot in the countries they own in. Their Hondas are more American-built than any GM car now. Others also have connected the dots that to make profits they need to keep the American consumer market happy in as many ways as they can. It's the American corporates who want the huge profits without any regard to the consequences that spearhead a lot of the fear-mongering about foreign ownership. Isn't free trade a two-way street?

7-11 is a very blue company.

And the one around here is associated with a Citgo.

On a personal Note before you read, 7-11 was started in Oak Cliff Texas, I was there a month ago to bury my grandma, She would go to the FIRST 7-11 all the time...




Nearly 40% of today's 7-Eleven stores are operated in Japan since the Japanese-based company Ito-Yokado purchased the majority interest from Southland Corporation in 1991. Also in 1991, Southland Corporation changed its name to 7-Eleven, Inc.

Initially, these stores used to be open from 7 am to 11 pm, which was quite unprecedented at the time, hence the name; however, most 7-Eleven stores are now open twenty-four hours per day, seven days per week. 7-Eleven's most popular private label products include: Slurpees, a partially frozen slurry in a number of flavors, and the Big Gulp super size soft drink in 32, 44, 52, and 64 (American) fluid ounce sizes. In 2005 7-Eleven introduced their largest soft drink product, the 128 fluid ounce (1 gallon) Team Gulp.

In November 2005, Seven-Eleven Japan Co. Ltd. completed the purchase of 7-Eleven Inc., turning the Texas-based publically-traded conglomerate into a privately-owned Japanese company. Seven-Eleven Japan Co. Ltd. is itself a subsidiary of Seven & I Holdings Co., Ltd., which also owns the Japanese Denny's chain of restaurants.

http://en.wikipedia.org/wiki/7-Eleven