Japan ranks 7-Eleven owner ‘core’ industry, complicating takeover

Japan ranks 7-Eleven owner ‘core’ industry, complicating takeover …C0NTINUE READING HERE >>>

As the world’s biggest convenience store chain, 7-Eleven operates more than 85,000 outlets globally.
Photo: Richard A. Brooks / AFP
Source: AFP

The Japanese finance ministry on Friday designated the parent company of 7-Eleven a “core” industry in a move that could make a takeover by Canadian rival Couche-Tard more difficult.

Other entities rated “core” in Japan include manufacturers in the nuclear, rare earths and chip industries, as well as cybersecurity and infrastructure operators.