7-Eleven Inc.

In a move to maintain control of its own destiny, Seven & i Holdings Co. Ltd., the parent of the 7-Eleven convenience chain, announced a series of "transformational" leadership, capital and business initiatives in March 2025 to sharpen its focus on convenience stores and unlock value for its shareholders.

The new strategic focus comes amid takeover bids from Canadian rival Alimentation Couche-Tard Inc. and Seven & i's subsequent management buyout that would ultimately fall apart.

The company's new initiatives include a North American initial public offering (IPO) for 7-Eleven and a large, potential divestiture package that could be sold to a "viable, credible and independent buyer." In addition, the company will continue to pursue its convenience-store business performance acceleration plan and execute new disciplined mergers-and-acquisitions activity, Seven & i officials said. 

Irving, Texas-based 7-Eleven Inc. had a strong year for acquisitions in 2024, having completed its purchase of 204 convenience stores from Dallas-based Sunoco LP. Those locations included Stripes c-stores and Laredo Taco Company restaurants, which Sunoco received approximately $1 billion and ran under a fiscal agent named Cal's Convenience, Frisco, Texas. Other changes that Seven & i initiated included a new leadership structure to accelerate the execution of strategic priorities, the company said.  

Stephen Hayes Dacus, currently chairman of the board and lead independent outside director, will succeed Ryuichi Isaka as president, representative director and CEO. Dacus has been a member of the board since May 2022 and was appointed chairman and lead independent outside director in April 2024. During his tenure, Ducas had an integral role in overseeing the company's value creation strategy, as chairman of its strategy committee. That committee has been evaluating acquisition bids and management buyout offers.

The company will also pursue an IPO of 7-Eleven Inc., its convenience-store business in North America, by the second half of 2026 on one of the major U.S. stock exchanges. 7-Eleven is among the world's largest and most widely recognized retailers, both inside and outside the convenience-store channel. 

For benchmarking purposes, store counts are as of Jan. 1, 2025.