7-Eleven To Explore The German Market
Convenience chain 7-Eleven is reportedly planning to enter the German market, according to media reports.
Master franchisor of the 7-Eleven brand worldwide, 7-Eleven International LLC, which itself is owned by Japan’s Seven & i Holdings Co, is seeking experienced franchisees for launching new 7-Eleven stores in parts of Western Europe.
In addition to Germany, the retailer is considering setting up outlets in France, Ireland, Italy, Poland, Spain, Turkey, and could also consider the UK. Austria and Switzerland. The plan does not include Benelux countries.
7-Eleven is a global brand operating more than 83,000 stores across 19 countries. In addition to 7‑Eleven stores, it operates and franchises Speedway, Stripes, Laredo Taco Company and Raise the Roost Chicken and Biscuits locations.
Israel Opening
In January, 7-Eleven opened its first store in Tel Aviv at the Dizengoff Centre Mall, marking its entry to Israel.
Located in the country’s second-largest city and largest metropolitan area, the store offers international food and beverage items, as well as local delicacies.
Structural Reforms
Last year, Seven & i Holdings Co announced plans to revamp its board of directors as it sought to accelerate overseas growth.
The operator of 7-Eleven convenience stores was under pressure from activist fund ValueAct Capital to make structural reforms and sell off assets.
The revamp was intended to add diversity and bring in new skills as the company pursues growth outside Japan, it said.
Related news
Edeka launches new campaign to promote regional products
In Germany, Edeka has launched a new advertising campaign focusing…
Read more >Food offering is attracting more and more shoppers to drugstores in Germany
Buying groceries in drugstores continues to gain importance. According to…
Read more >GfK’s German consumer sentiment index for May improved
Instead of the deterioration expected by analysts, the German consumer…
Read more >Related news
Márton Nagy: the government would introduce margin restrictions for stores selling household goods
The government may discuss on Wednesday and is expected to…
Read more >The Hungarian Food Bank Association is organizing a record-sized food collection on Friday and Saturday
At the Friday and Saturday fundraiser organized by the Hungarian…
Read more >Pick Szeged Zrt.’s profit decreased, but its sales revenue increased last year
Pick Szeged Zrt.’s after-tax profit in 2024 was 6.7 billion…
Read more >