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☆ America's 7-Eleven stores are about to get a Japanese makeover
▼ + stars: | 2024-07-27 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

AdvertisementThese convenience stores also double up as pit stops that live up to their name by offering customers access to ATMs and printers, as well as other services like bill payments and buying concert tickets. That said, Americans who want to enjoy some of the Japanese 7-Eleven magic closer to home won't have to wait much longer. America's 7-Elevens get a Japanese makeoverThe stores in the US will soon get a fresher variety of food similar to their Japanese counterparts. Related storiesAs Isaka told Bloomberg in February, that strategy is now all about getting "fresh food" on shelves. That process is being helped by Warabeya Nichiyo, a key food supplier for 7-Eleven Japan, as it looks to build its third plant in the US, costing $81.5 million.

Persons: —, Lawson —, Elevens, Ryuichi Isaka —, Isaka, Warabeya Nichiyo, she'd Organizations: Service, Business, YouTube, Holdings, Speedway, Bloomberg, Street Journal Locations: Haneda, Narita, North America, Tokyo's Asakusa, Dallas, American, Tokyo, Japan, Orange County , California

☆ ISS backs all four ValueAct director candidates in Seven & I boardroom fight
▼ + stars: | 2023-05-10 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +3 min

"A vote AGAINST company nominees Isaka, Goto, Yonemura, (Shinji) Wada and (Fuminao) Hachiuma is warranted." ISS said ValueAct is calling for a deliberate succession process for the CEO. On Tuesday, ISS extended support for ValueAct's campaign by endorsing all of its candidates and spelling out where the company has faltered. ValueAct and other investors had urged the company to undertake a strategic review and consider spinning off its 7-Eleven chain or selling the entire company. ISS said that ValueAct's nominees bring board experience, capital allocation and executive experience, and Levinson would add a shareholder perspective.

☆ ValueAct loses its temper in 7-Eleven
▼ + stars: | 2023-05-10 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

HONG KONG, May 10 (Reuters Breakingviews) - ValueAct Capital’s chief Mason Morfit prefers to chide undervalued conglomerates behind closed doors. In its latest 151-page presentation, ValueAct took its case directly to shareholders, the second time it has seen fit to do so in its history. That highlights the U.S. fund’s frustration from its two-year long campaign calling for Seven & i to spin off its 7-Eleven convenience stores, among other things. That implies a standalone 7-Eleven could be worth 10 trillion yen, roughly a quarter more than its parent today. He may have a point, and in truth ValueAct has far more experience turning around technology companies than food retailers.

☆ ISS backs all 4 ValueAct director candidates in Seven & I boardroom fight
▼ + stars: | 2023-05-09 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

"A vote AGAINST company nominees Isaka, Goto, Yonemura, (Shinji) Wada and (Fuminao) Hachiuma is warranted." ISS said ValueAct is calling for a deliberate succession process for the CEO. On Tuesday, ISS extended support for ValueAct's campaign by endorsing all of its candidates and spelling out where the company has faltered. ISS said that ValueAct's nominees bring board experience, capital allocation and executive experience, and Levinson would add a shareholder perspective. ValueAct has experience on boards at Japanese companies, having won seats at Olympus and JSR Corp.

☆ 7-Eleven spin-off would jeopardise growth, CEO says, pushing back at ValueAct
▼ + stars: | 2023-05-05 | by ( Ritsuko Shimizu | ) www.reuters.com time to read: +2 min

TOKYO, May 5 (Reuters) - A spin-off of 7-Eleven would jeopardise the convenience store chain's future growth by cutting it off from its parent's strength in the food business, the chief executive of Japan's Seven & i Holdings Co Ltd (3382.T) told Reuters. ValueAct has long been critical of Seven & i's conglomerate structure, calling for a spin-off of the 7-Eleven chain or for a sale of the entire company, but Isaka said that would not be in the chain's best interests. "The risk and probability of 7-Eleven Japan's growth coming to a halt would be very high if the company's product development resources were to be cut off," he said. In April, ValueAct ratcheted up the pressure on the company, calling for Isaka's departure and saying he was responsible for a "flawed strategy". Isaka said 7-Eleven is reliant on staff and know-how from Seven & i's supermarket businesses, such as Ito-Yokado, in developing products for its "Seven Premium" private brand.

☆ ValueAct urges ouster of Seven & i President Isaka - letter
▼ + stars: | 2023-04-21 | by ( Svea Herbst-Bayliss | ) www.reuters.com time to read: +2 min

The San Francisco-based investment firm, which owns a 4.4% stake in the convenience store operator, is ratcheting up the pressure by saying publicly that Isaka has acted in bad faith since becoming president in 2016. "It is time to find a new President for Seven & i," ValueAct wrote to Seven & i shareholders in a letter dated April 20. The letter also criticizes the board for having failed to conduct a succession review for Isaka. ValueAct said Seven & i recorded meetings with its team without its consent, violating privacy laws around the world. Seven & i did not immediately respond to a request for comment and ValueAct declined to comment beyond the contents of the letter.

"We think the company should spin off 7-Eleven and that this could help close the valuation discount," Artisan Partners Associate Portfolio Manager Ben Herrick, told Reuters. Investors, including Artisan Partners, ValueAct and a domestic institutional investor contacted by Reuters that is not permitted to discuss its views publicly, are blaming Seven & i's stagnant share price on management's attachment to a conglomerate structure. SPIN-OFF PROPOSALThree months ago, ValueAct proposed a tax free spin-off of 7-Eleven, via a listing on the Tokyo Stock Exchange in roughly one year. One investor said 7-Eleven, the company's crown jewel, will stop shining brightly unless it is spun off. A source said Seven & i president Ryuichi Isaka is one of the board members ValueAct wants to replace.

☆ Brad Pitt a realizat toate cascadoriile din cel mai recent film al său
▼ + stars: | 2021-03-31 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: Getty ImagesBrad Pitt a realizat toate cascadoriile din cel mai recent film al săuBrad Pitt a câştigat în 2020 un premiu Oscar interpretând un cascador în filmul lui Quentin Tarantino, "Once Upon a Time... in Hollywood", iar anul acesta actorul în vârstă de 57 de ani a realizat chiar el cascadoriile din thrillerul de acţiune "Bullet Train", scrie IndieWire. Proiectul a fost descris un fel de "Speed", filmul cu Keanu Reeves în autobuz. Brad Pitt a impresionat de-a lungul anilor cu rolurile din ”Fight Club”, ”Snatch”, ”Babel”, ”The Curious Case of Benjamin Button”, ”Inglorious Basterds”, ”Moneyball” şi ”World War Z”. Brad Pitt a fost recompensat în 2019 de Sindicatul producătorilor americani cu trofeul onorific „David O. Selznick” pentru întreaga activitate. În 2020, la gala Oscar, Pitt a primit trofeul pentru rolul secundar din „Once Upon a Time... in Hollywood”.

Persons: Brad Pitt, Quentin Tarantino, Brad, Greg, . Pitt, David Leitch, ., . Smith, Maria, Keanu Reeves, Sandra Bullock, Michael Shannon, Aaron Taylor, Johnson, Rapperul Bad, John Wick, Shaw, Benjamin Button, David O . Selznick, Pitt Organizations: World Locations: american, Tokyo, Hollywood

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