World News @lemmy.world fne8w2ah @lemmy.world 4 mo. ago

7-Eleven’s Japanese owner seeks government protection after $49.9 billion approach | The Straits Times

www.straitstimes.com 7-Eleven’s Japanese owner seeks government protection after $49.9 billion approach

This raises a potential hurdle for Alimentation Couche-Tard’s buyout proposal to proceed. Read more at straitstimes.com.

31 comments

Having a Québécois convenience store company try to take over a Japenese convenience store company, who recently took over an American convenience store company just feels like the crazy future capitalism presented us but never fulfilled. Instead, we're usually just dealing with late-stage capitalism.
- There’s really no reason for these two major convenience chains to merge. It’s just like the b.s. with Albertsons and Kroger.
  
  Reminds me of White Hen convenience stores - 7-Eleven bought them out and then shut down all of the stores. Didn't replace them with more stores, just left the whole area, full on Cartman "fuck you guys I'm going home" mode.
  
  In monopoly, do you trade your houses for hotels, or is one house enough? You’ve got to build to wield power.
- The Neo-Conveinience Singularity
As someone who has been going to 7-11 more now than ever in the past, I actually kind of hope they succeed in this.

The Japanese ownership has made the chain much better than it was prior in the 90s, for instance.
- I would trade every American gas station and convenience store for a single authentic Japanese 7-eleven corndog.
  
  They've already announced that they're converting a ton of 711s here to be more like the Japanese ones including using the same suppliers. I hope we get it, Japanese conbinis are on another level.
  
  Fun fact: corn dogs are called アメリカンドッグ in Japanese, which means "American Dog".
  
  By God you've done it. You've... Slowed ... The acceleration...
  
  Yes that's right you've slowed the acceleration of global warming. Maybe.
Is this why I am seeing so many videos talking about Japanese 7-11s recently? Watched a few videos on LEARNING JAPANESE and now my YT feed is full of things showing how cool 7-11 is over there. lol
- Japanese konbini, 7-11 included, are truly amazing.
- Legitimately the Japanese convenience stores are peerless compared to anything outside their country.
  
  Family mart over 7-11 though IMO
  
  Family mart over 7-11 though
  
  100% agreed. Family Mart over Lawson, as well.
  
  Thai ones are also good.
- When I was last in Japan, I basically lived out of konbinis. I mean, I also ate at restaurants all the time because it was so cheap compared to Australia, but for everything else, why bother cooking in my tiny-ass apartment when I can walk a few minutes and get a full, fresh meal AND some decent sake for less than a single dinner back home? They're fantastic. Plus they all had ATMs that could use to get more cash out.
  
  Also, when my flight home was delayed by a typhoon, I was able to eat full meals for a few days on just thirty bucks from the konbinis in the airport. No price gouging. Back home that would have gotten me a shitty sandwich at best.
  
  Or leaves and a boiled egg.
Whatever you do, do not fuck up our amazing convenience stores here.
- Japan 7/11s are better from what I'm hearing.
  
  7-11 Japan bought 7-11 America 20ish years ago. 7-11 usa used to be much worse
  
  Can confirm. Amazing.
Alimentation Couche-Tard

Uh, you wanna run that by me again?
Who needs the Kwik-E-Mart?
- I doooooo!
The Straits Times - News Source Context (Click to view Full Report)

Information for The Straits Times:

MBFC: Right-Center - Credibility: High - Factual Reporting: Mostly Factual - Singapore
Wikipedia about this source

Search topics on Ground.News

https://www.straitstimes.com/business/seven-i-seeks-government-protection-after-499-billion-approach

Media Bias Fact Check | bot support

You've viewed 31 comments.