Seven & i abandons investment talks with Poland’s Zabka

Seven & i Holdings ended talks to invest in Poland’s Zabka convenience store chain after failing to agree on terms.

Seven & i was unable to reach a deal that would be “in the best interests” of the company and its shareholders, the firm said in a statement on Saturday.

The announcement came from the Japanese operator of the Seven-Eleven chain, which had been in discussions with the Polish retailer.

No further details on the talks or reasons for the breakdown were provided in the statement.

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Protesters outside Starbucks Korea amid controversy over Tank Day promotion affecting Shinsegae financially
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Starbucks Korea controversy puts Shinsegae under financial strain

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Starbucks Korea's 'Tank Day' promotion, launched on May 18, has triggered widespread backlash, causing a sharp sales drop and raising financial risks for parent Shinsegae Group.

Seven & i is reported to be in discussions about acquiring a stake in Poland’s Zabka Group.

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Seven & i Holdings has increased its operating profit forecast for the current fiscal year. The company now expects 425 billion yen in operating profit through February 2027.

A system failure caused by unauthorized access at major Japanese frozen food maker Nichirei Corp has begun disrupting supply chains, leading to stock shortages at some restaurants and retailers.

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Homeplus' main creditor decided Thursday to extend fresh funding of 200 billion won to the cash-strapped retailer that temporarily closed some outlets due to a lack of operating capital.

The insolvency administrator of Aggregate plans to reverse the sale of a project in the Quartier Heidestraße. Judges are to examine whether the price was appropriate.

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AB Mauri Brasil signed an agreement to buy the Casa de Bolos franchise network. The deal still requires regulatory approvals. The transaction value was not disclosed.

 

 

 

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