Seven & I Holdings Co.
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Seven & I Holdings Co., Ltd. (株式会社セブン&アイ・ホールディングス Kabushiki-gaisha Sebun & Ai Hōrudingusu?) (TYO: 3382) is a corporation in Japan. Formed 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. It was formed by Ito-Yokado, 7-Eleven's primary Japanese franchisee, for the purpose of merging with 7-Eleven itself. 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. Its headquarters are in Niban-cho, Chiyoda, Tokyo. Seven & I Holdings is the main component of the IY Group.
On 11 August 2006, Seven & I Holdings Co. negotiated the purchase of Lombard, Illinois-based White Hen, Inc.
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.
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