7-Eleven International completes acquisition of 7-Eleven Australia

7-Eleven International (7IN) has completed the acquisition of 7-Eleven Australia, adding over 750 stores in Australia to its portfolio.

After agreeing to the $1.71 billion deal in November 2023, the deal has now been successfully completed.

The 7-Eleven Australian business will be operated as a wholly owned subsidiary of 7IN, headquartered in Melbourne, with the current management team continuing to lead the business under new ownership.

Ken Wakabayashi, President and CEO of 7IN, said they are thrilled to become one team and create a stronger synergy with 7-Eleven Australia.

“For nearly 50 years, the 7-Eleven Australia team has built the legacy of the brand as a top choice for convenience. Together, we can enhance customer experience in the store.”

The companies have identified opportunities to transform 7-Eleven Australia’s merchandise and fuel offer, expand product assortment, and introduce new high-quality fresh foods.

Angus McKay, CEO and Managing Director of 7-Eleven Australia, said he and his team are looking forward to taking advantage of 7IN’s deep experience in convenience retailing with the leadership of Executive Chairman Shin Abe.

“It is about continuing to grow our store network in Australia and providing unrivalled customer experiences and quality products.”

7-Eleven Australia impressed the 7IN with its focus on its food offering, as the company looks towards offering a world-class retail offering that is centred around food as its ideal group image for 2030.

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