PwC faces a six-month business ban in China, and Mexico’s Supreme Court judges go on strike. Plus, a potential takeover of 7-Eleven may set the tone for a new era of Japanese acquisitions. ( read original story ...)
KKR, Hulic Bid $2 Billion for GIC’s Central Tokyo Skyscraper
A group led by KKR & Co. and one of Japan’s largest real estate companies made a bid to acquire a Tokyo skyscraper owned by Singapore sovereign wealth fund GIC Pte, according to people familiar with ... ( read original story ...)
Japan’s Astellas says employee indicted by China’s prosecutors
The Japanese Foreign Ministry said a Japanese man in his 50s ... reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals ... ( read original story ...)
Japan sees record visitors for second straight month on weak yen
Japan set a second-straight monthly record for visitors in July, official data showed on Friday, as the weak yen and summer holidays propelled a tourism boom.The number of foreign visitors for ... ( read original story ...)
Japan records trade deficit as surging global prices pushes imports higher
TOKYO (AP) — Japan racked up a 621 billion yen ($4.3 billion) trade deficit in July, as prices of imports surged, according to government data released Wednesday. Japan’s imports grew nearly 17% from ... ( read original story ...)
7-Eleven deal talk reflects allure of Japan’s convenience stores
Seven & i grew from small beginnings, tracing its origins to the small family-owned Yokado Clothing Store that first opened in Tokyo in 1920. The retailer, then known as Ito-Yokado, expanded rapidly ... ( read original story ...)
Why Japan’s 7-Eleven is on a rival retailer’s shopping list
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 ... ( read original story ...)
Japan’s Billionaire Ito Family’s 7-Eleven Chain Gets Buyout Offer From Canadian Owner Of Circle K
S even & i Holdings, the Japanese company behind the global 7-Eleven convenience store chain, has received a non-binding takeover bid from Alimentation Couche-Tard, the Canadian operator of the rival ... ( read original story ...)
Japan’s 2nd-busiest airport was put on lockdown after a pair of scissors went missing from a store, where they were later found again
Two days after the scissors went missing, airport authorities said they'd been found pretty much where they should have been. ( read original story ...)
7-Eleven targeted by Circle K owner for huge convenience store tie-up
The Canadian owner of Circle K convenience stores has made a bid to buy 7-Eleven in what would be the biggest foreign takeover of a Japanese company on record. ( read original story ...)
Seven & I Buyout Would Be a Watershed Moment for Japan Takeovers
Until now, an attempt to acquire such a well-known Japanese business at such scale would have been dismissed as audacious and unlikely, given the protectionist tendencies of the government and ... ( read original story ...)
Japan govt to raise long-term rate estimate to 2.1% in FY2025/2026, Nikkei reports
TOKYO : Japan's government plans to raise its long-term interest rate estimate used to compile the state budget to 2.1 per cent for the next fiscal year from the current year's 1.9 per cent, the ... ( read original story ...)
The Canadian company behind Circle K wants to buy 7-Eleven’s Japanese owner in a blockbuster deal
Seven & i Holdings says it will review the takeover offer from Canada's Alimentation Couche-Tard, which would unite the 7-Eleven and Circle K brands. ( read original story ...)
Owner of the 7-Eleven convenience store chain in Japan gets takeover bid from Canada’s Alimentation
The operator of 7-Eleven convenience stores and other retail chains in Japan said that it has received a buyout offer from Canada's Alimentation Couche-Tard. ( read original story ...)
Canada’s Couche-Tard makes preliminary takeover bid for Japan’s Seven & i
The bid was first reported by Japan's Nikkei business daily. One source told Reuters the talks were "at a very early stage". A deal for the whole company would be the largest ever buyout of a Japanese ... ( read original story ...)
Osaka investment-grade office rents grow by 2.3% in H1 2024
Vacancy loosened slightly by 0.2ppts during the same period. Regional investment-grade office markets in Japan have enjoyed moderate improvements over the past half-year. According to data from ... ( read original story ...)