7-Eleven Parent Seven & i Announces Leadership Change, Major Restructuring

The company plans a $13.2 billion share buyback, a U.S. IPO for its North American unit, and asset sales to counter a $47 billion takeover bid.

Stephen Dacus, the first foreign CEO of Seven & i, will replace Ryuichi Isaka on May 27, 2025, with Isaka remaining as a senior advisor.
Seven & i announced a $13.2 billion share buyback funded by the sale of its superstore business to Bain Capital for $5.4 billion and other restructuring measures.
The company plans to list its North American 7-Eleven subsidiary on a U.S. stock exchange by the second half of 2026, retaining a majority stake.
These moves are part of a strategy to fend off a $47 billion takeover bid by Canadian convenience store operator Alimentation Couche-Tard (ACT).
The leadership and restructuring decisions aim to enhance shareholder value and focus on Seven & i's core convenience store business globally.