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No. 356, May 1999

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Japanese Companies in the US


MERCHANDISING

The world's largest chain of convenience stores has a new name. Dallas- headquartered SOUTHLAND CORP., the operator or the franchiser of more than 5,600 7-Eleven stores in North America and roughly 18,500 in total, now is 7-ELEVEN, INC. That would not be news except for the fact that since 1991, the company has been majority-owned by SEVEN-ELEVEN JAPAN CO., LTD. and another affiliate of supermarket operator ITO-YOKADO CO., LTD.

An exchange rate of ¥120=$1.00 was used in this report. aaaaa

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