7-Eleven International accelerates international growth strategy

7-Eleven International to acquire 7-Eleven Australia.
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PRNewsFoto/7-Eleven, Inc.

7-Eleven International announced it has entered into an agreement to acquire 7-Eleven Australia, the largest independent convenience store chain in Australia. 

As part of the agreement, 7-Eleven International will acquire 100% of the shares of 7-Eleven. 7-Eleven Australia operates 751 local stores and is a long-standing licensee of 7-Eleven.

"The acquisition of 7-Eleven Australia demonstrates our commitment to growing 7-Eleven's operations globally," says 7-Eleven International co-CEO's Shin Abe and Ken Wakabayashi. "We are looking forward to continuing to enhance the 7-Eleven brand in Australia, which enjoys a long-standing presence and unrivaled brand recognition with customers."

7-Eleven Australia has been led by the Withers and Barlow families since 1977. The company processes 250 million transactions each year and employs more than 9,000 people across the corporate and franchise network.

"The acquisition by 7-Eleven International is a vote of confidence in our people, our strategy, and the future of 7-Eleven Australia," adds CEO and managing director of 7-Eleven Australia, Angus McKay. "The business has strong momentum and an exciting outlook for growth. Our customers will continue to come first, and we will remain focused on the transformation of our total merchandise and fuel offer, the evolution of our convenient food proposition, digital and format innovation, as well as the rollout of new stores."

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