Wednesday, June 27, 2007

UPDATE 1-Seven & I to spend $2.4 billion on U.S. expansion

(Reuters) - Seven-Eleven Japan, a unit of Seven & I, turned 7-Eleven Inc.
in the United States into a 100 percent subsidiary in 2005 to
gain better access to the local market and boost efficiency, a
Tokyo-based spokesman said.




The Japanese retailer has not been vigorously investing in
its 6,000 U.S. stores in the past few yearsBEV FOD US


Read more at Reuters.com Mergers News

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