Mr Masatoshi Ito's descendents are the second-largest shareholders of Seven & i.
The billionaire family behind Seven & i Holdings, owner of 7-Eleven convenience stores, has received a buyout offer from its Canadian rival.– The billionaire family behind Seven & i Holdings, owner of 7-Eleven convenience stores, is poised for a massive payday if they support what would be the biggest foreign takeover of a Japanese company.
“Seven & i is a Japanese institution and a part of Japan’s corporate establishment,” he said. “Selling to a foreign company, and one that is a competitor in North America, is extremely unlikely.” The Japanese group’s founder died in 2023 at the age of 98 with a net worth of US$5 billion, according to the Bloomberg Billionaires Index. His son Junro Ito is an executive vice-president and sits on the board.
“Seven & i is more than just a retailer; it is part of the backbone of Japanese emergency response services,” he said. “So I don’t see government being supportive of a foreign takeover in this case.”
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