Seven & I Holdings Co.

Infobox Company
name = Seven & I Holdings Co., Ltd.

type = Public KK (tyo|3382)
foundation = 2005 (from merger)
location = flagicon|Japan Tokyo, Japan
key_people = Toshifumi Suzuki, Chairman & CEO
industry = Retail
services = Department stores, Superstores, Supermarkets, Convenience stores, Restaurants, Financial services
revenue = profit ¥ 5,752,392 million JPY (FY 2007)
net_income = profit ¥ 133,419 million JPY (FY 2007)
num_employees = 55,815 (full-time; 2007)
homepage = [http://www.7andi.com/en/ www.7andi.com] Nihongo|Seven & I Holdings Co., Ltd.|株式会社セブン&アイ・ホールディングス|Kabushiki kaisha Sebun & Ai Hōrudingusu|tyo|3382 is a diversified retail group headquarterd in Tokyo, Japan. Founded originally in 1920 as Ito Yokado, Seven & I is now the fifth largest retailer in the world [“ [http://www.planetretail.net/NewsMedia/PAYG/PressRelease.aspx?NewsItemID=43894 Planet Retail reveals latest retailer rankings] ”, "Planet Retail", 28 July 2008.] , with 35,000 stores in approximately 100 countries.

History

Seven & I Holdings was established on September 1 2005 as the parent company of the 7-Eleven Japan chain of convenience stores, the Ito Yokado grocery and clothing stores, and the Denny's Japan family restaurants.In November it completed the purchase of US-based 7-Eleven Inc.

On December 26, 2005, the company announced its acquisition of Millennium Retailing holding company, parent of the Sogo and Seibu Department Stores chains. The acquisition makes Seven & I Holdings the largest distribution and retailing business in Japan.

On August 11 2006, Seven & I negotiated the purchase of Lombard, Illinois-based White Hen.

In July 2007 the group announced the enlargement of their American chain 7-Eleven. They proposed an additional 1000 stores in a $2.4 billion plan that would see their US operation grow to over 7,000 stores. The target was set to achieve $10 billion sales in the US by 2010.

ubsidiaries

* 7-Eleven
* Ito-Yokado
* Seibu Department Stores
* Sogo
* Seven Bank
* Denny's Japan

References

* " [http://www.7andi.com/en/ir/pdf/annual/2008_all.pdf Seven & I Holdings Annual Report 2008] "
* " [http://www.7andi.com/en/ir/pdf/corporate/2008_all.pdf Seven & I Holdings Corporate Outline 2008] "

External links

* [http://www.7andi.com/en/ Seven & I Holdings Co., Ltd.]